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Opus Development Co. secures $67m for Denver mid-rise multifamily community
Transactions - JUNE 17, 2026

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Opus Development Co. secures $67m for Denver mid-rise multifamily community

by Denise Moose

Opus Development Co. and an Ares Real Estate fund have secured $67 million for Kalaco, a 280-unit, recently completed, mid-rise multifamily community in Denver.

Delivered in August 2024, Kalaco is a six-story apartment building offering studio, one-, two- and three-bedroom units averaging 752 square feet. Units feature stainless-steel appliances, deluxe plank flooring, quartz countertops, generous walk-in closets, full-size washers and dryers, private patios and balconies and large windows offering views of the Rocky Mountains and downtown Denver. On-site amenities include a 233-space parking garage, resort-style sundeck with pool and spa, fire pits and grilling stations, courtyard with lawn games, pet spa and outdoor dog run, a two-level fitness center with yoga studio, co-working lounge, social lounge, game area, top floor lounge/speakeasy, EV charging stations and bicycle storage/repair.

Kalaco is located on 1.91 acres at 1010 West Colfax Ave., across the street fro

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