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Phoenix & Southwest  + Southwest  + Apartments  | 
Blueline Equity pays $33.5M 96-unit Montrose rental community

Just-Completed Montrose CO Rental Community Flips for $33.5M

Northmarq represented the seller, Range Colorado, who just completed construction. The property was acquired by Blueline Equity Partners for $33.5 million. Northmarq’s Alex Possick touts the unique property, “Basecamp Apartments is the first best-in-class, market-rate multifamily community of scale delivered in the Montrose rental housing market. The property is nestled at the heart of The Colorado Outdoors master-planned community, a 670,000 sq. ft. development featuring the region’s top housing, employment, retail, dining and lodging amenities.”

Basecamp Apartments, slated to open this year, offers one and two-bedroom floorplans (ranging from 719 to 995 sq. ft.). Rents go from between $1,600 and $2,000 a month. The 96 units feature stainless steel appliances, wine refrigerators, hard surface countertops and a modern flooring & lighting package. Basecamp Apartments offers the ideal combination of mountain living with sleek finishes, modern floor plans and spectacular mountain and river views.

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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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