Home | About Us | Investment | Operating | Executives | Portfolio | News Center | Site Map | Contact
© 2008 Callahan Capital Partners

Dominion Towers 600 17th Street Denver, CO	Civic Center Plaza 1560 Broadway Denver, CO	One Tabor Center 1200 17th Street Denver, CO	US Bank Tower 950 17th Street Denver, CO	410 17th Street 410 17th Street Denver, CO

Capitalizing on Strong Fundamentals in Denver CBD

• Denver CBD has long served as the center of economic, cultural and political activities in the Rocky Mountain west
• Denver has an increasingly diversified economy, where energy sector employment is down to 10-15% of total CBD employment
• Rent and NOI growth opportunities in Denver CBD are visible and imminently realizable with rent growth of over 30% in last 18 months
• CBD has the lowest vacancy rate in the metro area since 2005
• Expanding energy sector, along with professional, government and technological services sectors, have been fueling demand for office space
• CBD absorption capture rate of 39% in 2006, more than doubling its historical average during the 1990s
• $1.67B T-Rex project completed in November 2006 added 19 miles of light rail and several interstate exits convenient to Lower Downtown
• Follow-on $4.7B FasTracks project has been approved by voters and will add a further 119 miles of commuter and light rail, redevelop Union Station and add feeder bus shuttle downtown by 2019, all serving CBD
• Denver is being transformed into a 24 hour city and anticipation is high for the 2008 Democratic National Convention

Creating Value with the Former EOP Denver Portfolio

• Creating Value with the Former EOP Denver CBD Portfolio
• Five high quality assets with below market rental rates and significant rollover
• Largest transaction in the history of Denver
• Thoughtful business plan to manage the portfolio
• Targeted rent growth already being exceeded
• Intensive asset management focus to capitalize on repositioning opportunities
• Development opportunity in the best CBD location, providing incremental yield
  
  
  
• 2.8 million square feet of class A - AA buildings
• Tabor Center (with Two Tabor Site)
• 410 17th Street
• U.S. Bank Building
• Dominion Towers
• Civic Center Plaza