Healthcare actual property firm within the eye of Metro Denver for company headquarters – The Denver Put up
A multi-billion dollar California real estate investment trust and the US arm of a Japanese aerospace company are considering building their headquarters on Metro Denver. This is based on incentive requests approved this week by the Colorado Economic Development Commission.
Healthpeak Properties, a real estate investment trust based in Irvine, Calif., Has been approved for up to $ 5.3 million in job growth tax credits when 166 net new full-time positions are made available to the state. The company, which has applied under the code name Project Pegasus, expects the jobs will primarily pay an average annual wage of $ 425,213 per year at the executive level.
"It would be the highest projected average annual wage if they moved forward with Colorado," said Jill McGranahan, a spokeswoman for the Colorado Office of Economic Development & International Trade.
One question related to the Healthpeak award is whether these government tax credits could actually be used. Real estate mutual funds are required to distribute 90% of their profits to investors as dividends, which means there may not be much government income to be offset for tax purposes.
Jim Croy, Senior Vice President at Healthpeak, told EDC members on a video call that the company was "very interested" in Colorado. The trust is focused on investing in life science facilities, medical offices and senior housing. Croy described Metro Denver as closer to its markets and better location than Irvine.
Healthpeak, with a market value of $ 14.7 billion, is also considering Nashville and Dallas as its new headquarters.
Another tax credit has been approved for up to $ 1.13 million in employment growth incentives for the US subsidiary of a Japanese company developing a lunar lander capable of delivering payloads to the moon. U.S. headquarters would employ 48 people over the next five years, with an average wage of $ 118,333.
The company, which has applied as Project Cosmic Sphere, also plans to build a facility to manufacture its lander, though it's not sure that it would be located near the U.S. office. The company is considering a $ 40 million capital investment and is also considering locations in Texas and Florida.
Developing logistics capabilities for the moon will, in turn, enable upcoming space missions, Vicky Lea, director of aerospace at the Metro Denver Economic Development Commission, told the EDC.
Aurora and Colorado Springs are in the running to permanently align the US space command. The landing of this newly established military branch could attract a wide variety of aerospace companies.