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Phoenix & Southwest  + Southwest  + Apartments  | 
Fort Collins Apartments sell for $110M($350K/Unit)

Denver-Area Apartments Fetch $350K/Unit

Apartment developer McWhinney sold the Trails at Timberline in Fort Collins, Colorado for $110 million. The multifamily community has 314 units ($350,000/unit). The rents run between $1,600 and $2,700 a month. The vacancy rate in the region is reported to be under 5%. The buyer was Benedict Canyon Equities. A Walker & Dunlop team arranged the sale and financing. 

Completed in 2014, the property encompasses 11 mid-rise buildings with a mix of studios, one-, two- and three-bedroom floorplans, averaging 897 square feet. A fitness center, business center, media room, spa, pool, as well as rental office and subterranean parking are among the amenities.

Located at 2451 S. Timberline Road on a 16-acre site, Trails at Timberline is adjacent to Parkwood East, roughly 4 miles from downtown Fort Collins and some 3 miles from Colorado State University. The property is within walking distance of Foothills Mall, as well as several retail, dining and entertainment options.


Inside The Story

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

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