CREJ

November 3-16, 2021 - Page 41 www.crej.com Property Management F our Star Realty, a property management firm special- izing in student housing andmul- tifamily properties, announced a new contract for The Villas at Assembly Student Living at 2555 31st St. in Denver. The student housing property near Auraria Campus, which was completed in 2013, features 120 units with 360 student beds. Each unit fea- ture three bedrooms and three bathrooms along with spacious living areas, kitchens and balco- nies. The contract, which began in September, makes Four Star Real- ty the largest student housing management company, by beds count under management, in the state of Colorado with over 5,000 student beds, according to Jake Bostedt, chief financial officer and chief operating officer for Four Star. Other news n Block 162, a joint venture comprised of Patrinely Group and USAA Real Estate, achieved LEED v4 Gold Core and Shell status. Located at 675 15th St., between Welton and California streets in Denver, Block 162 is a 30-story, 606,000-square-foot, Class A speculative office build- ing designed by Gensler. The building delivers office space in a sustainable, energy- efficient and well-ventilated building. The façade is comprised of high-performance glass, featur- ing 10-foot clear windows around 100% of the perimeter of each office floor, offering 90% of build- ing occupants daylight and views of downtown Denver and the Rocky Mountains. The building offers best-in-class HVAC with fresh air ventilation capacity at 30% above code and MERV-14 filtration to increase the quality of indoor air, alongwith flexible, col- umn-free floor plates for optimal customization. The landscaped roof deck located atop the park- ing podium manages the run- off directly from the roof while simultaneously providing tenants with an accessible sky terrace. The 11th floor sky terrace fea- tures three distinct areas that all open onto a sizable outdoor ter- race via 110 linear feet of oper- able NanaWall doors. Tenants are able to take advantage of an indoor/outdoor fitness center, social lounge, and private confer- ence and prefunction spaces, in addition to a manicured outdoor garden with comfortable seating and fantastic views. In response to the pandemic, a variety of touch-free fixtures were enhanced or incorporated into the building’s design including restroom fixtures andwater bottle fillers on all office levels, vertical transportation via destination dis- patch elevators, elevator calling via a smartphone app to all floors, wave-activated doors at lobby entries and at parking garage elevator lobbies, and enhanced cleaning and disinfecting proto- cols at a frequency above indus- try standard. After undergoing a life cycle assessment to analyze the poten- tial environmental impact of the building, it was determined Block 162 reduced its environmental impact by over 10% in three cat- egories including global warming potential. n The Downtown Denver Partnership is working to grow a forest within the city and is encouraging property owners and managers in downtown Denver to apply for funding. Property owners are eligible for up to $20,000 per tree to improve the planting infrastructure and/ or install new tree beds at their property. More trees can result in increased property values, improved public safety and high- er revenue streams for businesses, according to the Downtown Den- ver Partnership. Applications are now open for the Urban Forest Initiative Fund- ing on the DDP website. n The Denver Chapter of IFMA will be receiving a three- year, $450,000 contract from Den- Four Star Realty to manage another student housing asset The Villas at Assembly Student Living Paluka recognized as IREM’s CPM of the Year Julia Paluka, areamanager for The RMRGroup, was recognized as CPM of the Year by IREM International at IREM’s annual Real Estate Management Excel- lence Awards Oct. 14 in Las Vegas. The REME Awards celebrate the essential work of real estate managers and management firms. Paluka manages properties in Colorado, Wyo- ming and Missouri. She is The RMR Group’s Broker of Record for Colorado and Kansas. Her portfolio consists of office and industrial properties. She volunteers for IREM at both the national and local levels, most notably as the Sustainability Advisory Board Vice Chair in 2020 and 2021, and IREMGreater Denver Chapter President in 2016. The RMR Group also received a REME Excellence Award. The company has approximately $32 billion of total assets under management, including over 75 million square feet of commercial office, industrial, medical office, lab and retail space. In 2019, the groupwon the REMEAward in the Leadership andDevelopment category and is nominated again this year. s Julia Paluka Please see IFMA, Page 58

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