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The Wellshire

The Wellshire

At a Glance

City, State: Denver, Colorado
Type: Apartments
Number of Units: 107
Year Built: 1962
Year Acquired: 2012
Investment Highlights: Pathfinder acquired the Wellshire Arms Apartments, a 103,000-square-foot, 12-story apartment community in Denver’s historic Observatory Park neighborhood and rebranded the property The Wellshire. The property benefited from a grandfathered multi-level zoning advantage – The Wellshire is the only building of its height in the immediate area and no further mid-rise buildings can be constructed. As a result, many units have permanent, unobstructed views. We completed a $2.5 million capital improvement program in 2013, which included transforming the facade, renovating the lobby and entryway, upgrading the balconies, renovating half of the unit interiors and adding community amenities, including a health club, meeting room, and roof-top deck. The property was sold in 2014.