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Northern Colorado – Big Stuff Happening!
I get a lot of questions about what is happening in the Northern Colorado Real Estate market, and while I address the residential side of things regularly, the commercial market has been driven by our great economy and way of life in the area. Here are just a few recent sales that show the strength of real estate in our area…
- A Denver based company purchased The Buttes Apartments in Loveland for $16.19 million. The property was 98.8 percent leased at the time of sale.
- A company in Austin bought the State on Campus apartments on Stuart in Fort Collins for $71.08 million, it was a total of 220 units.
- The owner of the Fort Collins Club purchased the old Orchards Athletic club in Loveland for $800,000, and will be renovating it over the next year to bring a high end gym to the Loveland area.
- A local buyer bought the Holiday Inn Express in Greeley for $5 million, it has 64 rooms and is located on W 29th St.
With the development near Highway 34 and I25, we will see continued commercial growth in the area, so stay tuned for more updates!
Fort Collins Rental Market Bringing In Big Investors
With the rental growth, population growth, real estate sales growth, and the growth in the student population at Colorado State University, Fort Collins has been an attractive place for local and national investors alike. I believe strongly in the long term health in the northern Colorado market (so I’ve bought rentals myself!), and I have worked with many investors that feel the same way.
But it seems that Fort Collins has started drawing in some big institutional investors as well, with a sale that would be more at home in the Denver market. An Ohio based company recently purchased the Aspen Heights student housing community in north Fort Collins for $65.5 million dollars! This community rents by the bedroom and focuses on a student tenant population. It features 712 bedrooms, a pool, yoga studio and game room.
As we see larger projects go in the city and around Fort Collins, big transitions like this will probably be more of the norm.
If you do have interest in what is going on in the real estate market, or would like to chat about your own home, I would love to sit down and talk! Contact me here and we can set something up, I’m always happy to help!
