Updated Oct 15, 2026
Kairoi Residential Acquires Zia Sunnyside Apartments In Denver For $161M
4055 Inca Street
$161,000,000
Units
434
Asset Type
MultiFamily
Closing
Oct 19, 2023
About this deal
AI
Kairoi Residential, a San Antonio-based real estate firm, has acquired the Zia Sunnyside apartments in Denver for a total price of $161,000,000. The multifamily property is located at 4055 Inca Street and consists of 434 units.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $161,000,000
- Address: 4055 Inca Street, Denver, CO
- Market: Denver, CO
- Buyer: Michael Lynd - Kairoi Residential
- Seller: Tim Walsh - Confluence Companies
- Brokers: Dan Woodward, David Potarf, Jake Young & Matt Barnett - Walker & Dunlop
- Units: 434
- Price per Unit (PPU): $370,968
Kairoi Residential, led by Michael Lynd, entered into the transaction to acquire the Zia Sunnyside apartments from Tim Walsh's Confluence Companies. The deal was facilitated by brokers Dan Woodward, David Potarf, Jake Young, and Matt Barnett from Walker & Dunlop.
On the Map
$161,000,000
MultiFamily
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Players
Denver MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
About $371K per unit across 434 units on a published $161M (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93