PRESS RELEASES

Balfour Pacific Capital Inc. is pleased to announce the sale of the last building in The Campus @ Longmont, a flex office portfolio located in Boulder County, near Denver, Colorado. The building was fully leased at the time of sale and was sold at a high price watermark for the property. The transaction – the last of ten separate sales that were executed by Balfour during the life of the investment – closed on October 27, 2021.

The Campus @ Longmont is a 27-building, 869,615 s.f. flex office portfolio, which was acquired in May 2017 with a strategy to aggressively lease-up and sell buildings individually or in small portfolios.

The investment realizations were completed in a period spanning three years, during which time Longmont benefited from increasing in-migration from nearby Boulder and downtown Denver, as well as cap rate compression. “The success of our investment resulted from over 500,000 s.f. of leasing, an overall improvement in tenancy and capital investments to enhance the property,” comments Balfour Pacific’s Managing Partner, Mark Scott. “This final sale concludes the first investment under our firm’s banner and further solidifies industry-leading returns for our investors.” The Campus @ Longmont investment delivers a 4.2x gross return on invested capital to Balfour Pacific.

About Balfour Pacific
Balfour Pacific Capital Inc. is a private equity real estate firm focused on value-added investments in the United States. Should you wish to learn more about Balfour Pacific, please visit our website, www.balfourpacific.com.