SMP In The News
SMP in the News brings together articles, news stories, and useful links about SMP in one easy-to-browse place. Visitors can explore recent coverage, learn more about SMP, and stay up to date with the latest mentions and developments.
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This project provided valuable upgrades to our building, including boiler replacements, improvements to the hot water system, upgraded bathroom ventilation, energy-efficient lighting, and the replacement of select refrigerators and range hood fans. The work also included cooling system improvements to support resident comfort.
These upgrades represent a meaningful investment in our community, improving building operations, energy efficiency, and the quality of life for our residents. We are grateful for the collaboration and support of ownership, management, and everyone who helped bring this project to completion.
A very special thank-you goes to Miranda Silva for preparing the grant application, ensuring it was submitted, and following through to completion. Her dedication and attention to detail helped make these improvements possible, and her efforts will have a lasting impact on Kappa Tower I and the residents we serve.
Thank you,
Stacey Walker
Property Manager
Kappa Tower I
Kappa Tower: Preserving a Denver Legacy
For more than 40 years, Kappa Tower has given Denver seniors on limited incomes an affordable place to call home. The six-story building was opened in 1984 by the Denver Alumni Chapter of Kappa Alpha Psi Fraternity, Inc., and it remains a cornerstone of Denver’s African-American community today. Like many aging affordable housing properties, it had limited funds for major improvements.
For years, our own Julie Stoyanova walked past Kappa Tower on her way to work and wondered whether it might qualify for energy efficiency upgrades through the Colorado Energy Office Weatherization Assistance Program, or WAP for short. It did.
EOC invested approximately $310,000 in upgrades through our WAP program, including a new central heating system, cooling tower repairs, efficient lighting and water fixtures, and new refrigerators. The work is projected to save $7,100 in energy costs the first year, and the benefits also go beyond dollars.
SMP in the News | October 2026
Iliff Terrace Celebrates Grand Opening – Expanding Affordable Senior Housing in Denver
Silva Management Partners (SMP) is proud to celebrate the grand opening of Iliff Terrace, a new 50-unit affordable senior housing community in Denver's University Hills neighborhood.
Developed by MGL Partners and professionally managed by SMP, Iliff Terrace provides thoughtfully designed apartment homes for adults 62 and older, serving households earning between 30% and 80% of the Area Median Income.
Featuring modern apartment homes, energy-efficient amenities, inviting community spaces, and convenient access to transportation, shopping, and healthcare, Iliff Terrace represents another important step toward expanding quality affordable housing opportunities in Denver.
SMP is honored to partner with MGL Partners and the development team in bringing this community to life. We look forward to serving its residents and continuing our mission of creating thriving communities.
People. Properties. Possibilities.
Silva Management Partners Expands into Arizona
I’m proud to share another important milestone for Silva Management Partners (SMP).
Building on our recent partnership in Colorado, St. Charles Town Company has selected SMP to manage Broadway Farms at Hurley Station, marking SMP’s first expansion into the Arizona market.
Broadway Farms at Hurley Station is an exciting new affordable housing community in the Phoenix area, and we are honored to support its lease-up and ongoing operations.
This expansion represents a meaningful step in the continued growth of SMP as we extend our platform beyond Colorado and into new markets. Our approach remains the same — disciplined execution, strong compliance, and responsive, hands-on management that delivers results for our clients and communities.
We are actively engaging with local housing authorities, industry partners, and community stakeholders as we establish our presence in Arizona, and we look forward to building long-term relationships in the region.
Thank you to St. Charles Town Company for their continued trust and partnership.
— Alfonso Silva
Founder & Principal
📍 Broadway Farms at Hurley Station – Phoenix, Arizona
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Silva Management Partners brings established affordable multifamily experience from Colorado to Arizona, pairing attentive property operations with direct, accountable owner relationships.
