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We Are Excited To Share A Brief Overview Of Hibernia Housing’s Business Model.
About Us
An Innovative "Inclusionary" & For-Profit, Social-Impact Luxury Apartment Development Model
Hibernia Housing develops large luxury apartment communities — typically between 250-350 units — near mass transit, walkable neighborhoods with high levels of amenities similar to 5-star resorts.
What is unique about Hibernia’s apartment communities is Hibernia partners with local municipalities to include a component – ~10% of the units developed – that are dedicated as affordable rentals for higher-functioning neurodiverse tenants and supported by 24/7 “Inclusionary Concierges”.
Development Model
From a “For-Profit” Perspective – Progressive cities and municipalities offer developers material incentives to include affordable housing with new apartment development, such as tax incentives, reduced impact-permitting fees, and expedited permitting approval. Hibernia’s developments will capture these incentives, resulting in increased financial performance and materially decreasing project risk. Additionally, municipal developer incentives can be the difference in making non-viable apartment development projects –particularly in down-market cycles — economically viable.
First Development
Hibernia’s first location for its innovative inclusionary apartment development model is the Promenade at Gold Strike Station. A $110 million luxury apartment development in Arvada, Colorado, is strategically located next to the Gold Strike light rail station. Of its 259 units, 26 are dedicated to affordable housing for the neurodiverse community, blending accessibility with luxury.
Promenade at Gold Strike Station will be the first inclusionary luxury apartment community in Colorado with affordable rental units set aside for neurodiverse rentals. Drawing on founder Tim McEntee’s 30-year track record of scaling luxury apartment companies nationwide, Hibernia is poised to replicate this model to numerous major markets nationwide.
Hibernia Housing Founder
- As Divisional President & Managing Regional Partner for industry leaders JPI and Wood Partners, Tim was instrumental in scaling these platform luxury apartment development companies nationally.
- Developed 44 full-cycle (including exit), ground-up, highly-amenitized luxury apartment communities, averaging 300-400 units per development, totaling over 14,000 units in numerous markets (8,000 in metro Denver), deploying $5 billion-plus in inflation-adjusted institutional capital and generating industry-leading IRRs of 25%-plus.
- Tim has won numerous industry accolades, including being elected to the Denver Apartment Association Hall of Fame and winning apartment development of the year in numerous markets.
6 Examples of Tim McEntee's 44 Ground-Up Luxury Apartment Developments
City House, Union Station, Denver CO
Alta Roosevelt, Chicago IL
Alta Gateway, Salt Lake City UT
Alta Green Mountain, Lakewood CO
Alta Alameda Station, Denver CO
Jefferson Estates, Lowry Redevelopment, Denver CO
In The Press
The Neurodiverse Housing Crisis
Tim and his wife, Chris, are proud parents to Devin McEntee, a 24-year-old higher-functioning neurodiverse adult now entering the workforce and facing challenges securing an apartment rental to live independently.
Tim is highly involved in the Neurodiverse Community and a thought-leader in developing housing solutions for the neurodiverse.
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