Fort Collins Student Housing Project Sells for Record Sum
The Social Fort Collins, a 68-unit, 136 bed student housing facility was sold for $25.5 million. The complex, built in 2021, is within walking distance to Colorado State University as well as the newly-built Canvas Stadium.
Colliers’ Bill Morkes is not surprised the facility came in so high, “It’s getting very difficult to build in Fort Collins, so a brand new asset in such an irreplaceable location made The Social very attractive to investors.” Morkes added that the projects sale represented the highest price paid per unit in Fort Collins history.
Colliers Morkes and Craig Stack represented the seller, FPA Multifamily. The buyer was a private equity group from Denver.
- ◦Sale/Acquisition