Our Approach
Helios Properties LLC was created to acquire value-add multifamily communities that meet the underserved mid-market rental need in high-barrier to entry submarkets.
Based in Denver, Helios targets B & C properties with a significant rent gap to nearby competitors in order to generate strong risk-adjusted returns for its investors. Through a combination of hands-on asset management, strategic unit upgrades, and common area rehabilitation, Helios consistently strives to be a market leader.
Our goal is to bring institutional knowledge to a market segment that often falls below the radar of typical institutional investors.
Target Investment Summary
Criteria:
Helios targets 50-200 unit properties in strategic infill locations with current rents typically at least 10% below competition.
Returns:
We target competitive IRR's and strong cash flow in order to achieve a compelling balance between risk and reversion upside. Investment horizons range from 3-10 years dependent on business plan, market timing, and location.
Markets:
Helios currently targets the Mountain States Region with a focus on the Colorado Front Range, but will consider other opportunities on a case-by-case basis.
Red Rock Terrace
Colorado Springs, CO
- 23 Units
- Acquired August 2018
Located in the Old Colorado City neighborhood, this asset offers easy access to outdoors activity, downtown and is adjacent to a plethora of retail and dining.
Cherry Creek Square
Aurora, CO
- 56 Units
- Acquired July 2019
Cherry Creek Square offers easy access to a large amount of retail, dining and jobs while rents are a discount to the numerous newer properties that surround the asset.
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Sloans Place
Denver, CO
- 24 Units
- Acquired October 2019
Located in the burgeoning Sloans Lake Neighborhood, Sloans Place offers a newly constructed apartment building with high-end finishes with easy access to Sloans Lake Park and some of Denver's most exciting dining and entertainment within walking distance.
Justin Sims founded Helios Properties in 2018. Justin started his real estate career at Baron Properties/Mountain West Industrial Properties – a developer and operator of multifamily and industrial properties in Denver, Phoenix, Houston and Dallas. During his eight years there, Justin progressed from an Analyst to a Principal and was intimately involved in every aspect of the company – including acquisitions, asset management, development, dispositions, investor relations and corporate strategy. Subsequently, Justin joined Abacus Capital Group – a Private Equity Real Estate firm - as a Director of Acquisitions. While there, he oversaw acquisition and disposition efforts for the central third of the US ranging from the Colorado Front Range to the Mississippi River. Justin also collaborated closely with the asset management team to create and implement the business plan for each individual asset. Throughout his career, Justin has been involved with the acquisition, asset management, disposition and/or development of over $950 million of real estate. Justin has an undergraduate degree from the University of Michigan and an MBA with a concentration in Real Estate from University of Colorado-Boulder.
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