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 class 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.
Target Investment Summary
CRITERIA
Helios targets 50-200 unit properties in strategic infill locations with current rents at least 10% below competition.
RETURNS
We target competitive IRR's through a combination of strong cash flow and reversion upside to achieve compelling risk-adjusted returns. 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.
Chestnut Square
Windsor, CO
- 116 Units
- Acquired December 2021
Located in the burgeoning city of Windsor, CO, Chestnut Square offers significant value-add upside through both management and renovations in downtown Windsor that is approximately 20 minutes from each of the major northern Colorado cities of Fort Collins, Loveland and Greeley.
Ridgeline Arvada
Arvada, CO
- 60 Units
- Acquired November 2020
Ridgeline Arvada is conveniently located in Arvada with easy access to Olde Town, the mountains, and various employment and entertainment centers throughout the Denver metro. Built in the 1980's, Quail Ridge features balconies, forced air heating & cooling and a washer/dryer in each apartment unit.
Sloans Place
Denver, CO
- 24 Units
- Acquired October 2019
Located in the burgeoning Sloans Lake Neighborhood, Sloans Place offers a newly constructed apartment building featuring high-end finishes with easy access to Sloans Lake Park and some of Denver's most exciting dining and entertainment within walking distance.
- 42 Units
- Acquired September 2021
Reserve at Oak Park is conveniently located in Arvada with easy access to Olde Town, the mountains, and various employment and entertainment centers throughout the Denver metro. Built in the 1970's, Reserve at Oak Park offers affordable housing in one of Denver’s most sought after submarkets.
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.
Pecos Gardens
Denver, CO
- 54 Units
- Acquired January 2020
Pecos Gardens is conveniently located in North Denver, offering quick access to some of the Denver Metro's premier employment centers. With units at an affordable price point, this is a convenient workforce housing community.
Reserve at Oak Park
Arvada, CO
About Helios Properties
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.
- 23 Units
- Acquired August 2018
- Sold July 2021
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.
2.03x
Multiple to Investor
28.44%
IRR
Red Rock Terrace
Colorado Springs, CO