A multibillion-dollar California real estate investment trust and the U.S. arm of a Japanese aerospace firm are considering locating their headquarters in metro Denver, according to incentive requests approved this week by the Colorado Economic Development Commission.
Healthpeak Properties, a real estate investment trust based in Irvine, Calif., was approved for up to $5.3 million in Job Growth Incentive Tax Credits if it brings 166 net new full-time jobs to the state. The company, which applied under the codename Project Pegasus, expects the primarily executive-level jobs will pay an average annual wage of $425,213 a year.
“It would be the highest projected average annual wage if they move forward with Colorado,” said Jill McGranahan, a spokeswoman for the Colorado Office of Economic Development & International Trade.
One question around Healthpeak’s award is whether it could actually take advantage of those state tax credits. Real estate investment trusts must pay out 90%…
— to www.denverpost.com
