Properties/0503113026000
15Watch
Affordable

REDI CORP III

1221 N PEARL ST·1221 PEARL LIMITED PARTNERSHIP
Value
$5.3M
Denver assessor
Rolloff
2042
16y out
Units
24
23 affordable
$ / unit
$221K
assessor basis
Conv. Rank
36.0
0 → 100
Subsidy
202/8 NC
RESIDENTIAL-CONDOMINIUM
Urgency
expirednow2 yr5 yr15 yr+
1221 N PEARL ST
HUD address
1221 PEARL ST
Assessor address
1221 N PEARL ST
Parcel ID
0503113026000
Classification
RESIDENTIAL-CONDOMINIUM
Assessed value
$5,294,600
Owner mailing
1900 N GRANT ST STE 540

Seller motivation

15Watch
  • LLC / LP investor+5
    LLC / LP ownership — investor-driven, watch for end-of-fund-life or Year-15 syndication exit signals.
  • Comparable sale nearby+10
    Comparable arms-length sale (same bucket, similar units) closed in last 12 months — market signal supports current pricing discussion.
Computed 6/11/2026

Composite scoring

Composite33.8Overall priority score: a weighted blend of the three strategy scores (leans Convert > Watch > Preserve) plus deal-level adjustments, computed during the scoring run.
Preserve38.0Strength as a preservation buy — acquire and keep it affordable (recap or covenant extension).
Convert36.0Strength as a conversion play — covenant rolls off and units can reprice to market. This is the table's Score column.
Watch46.8Monitoring priority — how closely to track this property for ownership or covenant movement.