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Wilderness Place

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Wilderness Place is a life science building located in Boulder, CO, just northeast of the University of Colorado, within the Central Boulder life science submarket. The property serves as the headquarters for a leading biotech company. The tenant has occupied the property since 2008 and has invested a significant amount of capital into their space to build it out to specifically facilitate its R&D and equipment needs.

Boulder's life science market has demonstrated strong and growing market fundamentals due to a strong life science employment growth, number and concentration of key scientists, government and venture funding, and number and concentration of life science graduates, high-tech workers and benefits from significant barriers to entry.

Wilderness place represents an opportunity to acquire a core life science property in a strong market at an NOI yield which supports the REIT's objective to distribute a net 5%+ annual dividend to investors.

— Richard Kimble

Further information
  • Boulder is part of the Denver, CO metropolitan and is one of tomorrow’s cities.
  • Denver benefits from a highly diversified economy; tech, finance, and tourism all play key roles in its economic growth.
  • Denver is a lifestyle leader and a millennial magnet. Its attractive quality of life, proximity to the mountains, and relatively favorable costs of living and doing business drive population and job growth, particularly among millennials.
  • The city is a technology trailblazer. The tech sector is well diversified, with specializations ranging from traditional web based computing to aerospace, to biotech . Denver’s cost advantage and highly educated and skilled workforce drive innovation, supported by city initiatives such as Denver Start up Week.

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These properties represent select holdings at the time of publication and are not meant to represent the entire portfolio. The opinions expressed are reflective of the manager's views at the time of acquisition.