Buchanan Capital Partners (“BCP”), an Austin-based, zero-fee commercial real estate investment firm, announced its recent capitalization of Garrett Centennial Apartments, a 368-unit garden-style multifamily development located in the Denver Tech Center submarket. The project is BCP’s second Joint Venture with The Garrett Companies in conjunction with their strategic partner, Telis Group. Weinstein Properties also joined the transaction as an equity partner. In 2024, BCP, The Garrett Companies and Telis collectively capitalized Garrett Fillmore Apartments, a 196-unit multifamily development in Colorado Springs.
Situated on a 19-acre site in the Denver Tech Center submarket, Garrett Centennial benefits from exceptional regional connectivity at the intersection of I-25 and Arapahoe Rd, minutes from the well-established corporate district, downtown Denver, and Cherry Creek State Park.
The project sits within the highly sought-after Cherry Creek School District, positioning the property well for future demand from families priced out of homeownership in the affluent area. Garrett Centennial is also centrally positioned within Midtown Centennial, an 800-acre, city-led redevelopment effort transforming legacy office parks into a walkable, mixed-use district.
The development will consist of 14 residential buildings offering a diverse unit mix designed to serve a broad renter base, including families, professionals, and long-term residents seeking access to top-tier schools and employment centers. Residents will be near major retail, dining, and entertainment destinations, including Top Golf Centennial, Park Meadows Mall, Cherry Creek State Park, and Centennial Center Park.
Keith Buchanan, Founder and Principal of Buchanan Capital Partners, said “Garrett Centennial allows us to deploy capital at an attractive cost basis in one of Denver’s best performing submarkets that has long-term demand fundamentals that support durable rent growth and value creation, while aligning with a Best-In-Class development partner who shares our long-term view of the market.”
Ford Albert, Director at Buchanan Capital Partners, added, “Over the past two years, BCP has been highly selective in multifamily investments. This opportunity stood out by meeting all our key criteria: an exceptional location in a top school district, discounted basis relative to recent comparable sales, dwindling supply pipeline, and vertically integrated development partner with a differentiated unit mix. Given Garrett’s attractive cost basis, BCP can conservatively underwrite lease-up rents at a significant discount to the submarket’s current rent levels. In 2026, we will look for similar JV development and direct acquisition opportunities in pockets with limited future supply.”
This joint venture reinforces BCP’s reputation as a leader in strategic, growth-oriented real estate investments that prioritize value creation and investor trust.
Discover the latest trends and insights—explore the Business Insights Journal for up-to-date strategies and industry breakthroughs!
