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Granite Capital Group has paid $27.8 million, or $264,762/unit, for the Brooklyn Park Rowhouses, a 105-unit apartment complex in Fort Collins, Colo. The Santa Barbara, Calif., investment manager was formed two years ago by Bruce Savett, a long-time property syndicator. ...
Colorado Real Estate Journal Inland Real Estate Group has paid $46.1 million, or $209,545/unit, for The Preserve at the Meadows, a 220-unit apartment property in Fort Collins, Colo. The property was sold by its developer, Bailey Co. of Golden, Colo. ...
Student Housing Business Lokal CSU, a 194-bed student-housing property near the campus of Colorado State University in Fort Collins, Colo., has been acquired by an unnamed buyer for $24.6 million, or $126,804/bed. The property, at 1201 West Plum St., is ...
Both properties are 97 percent occupied. Inland paid $43 million, or $204,762/unit, for the 210-unit Miramont Apartments. The 15-building property, at 4900 East Boardwalk Drive, was built in 1996. Meanwhile, Inland paid $40 million, or $205,128/unit, for the 195-unit Pinecone ...
Commercial Real Estate Direct Staff Report Inland Real Estate Acquisitions Inc. has acquired a pair of multifamily properties with a combined 405 units in Fort Collins, Colo., for $83 million, or $204,938/unit. The Oak Brook, Ill., affiliate of The Inland ...
60.7 percent leased. The property was encumbered by $36.9 million of floating-rate debt that wasn't set to mature until 2016. The debt is part of a credit facility that Wachovia Bank, Eurohypo and ING Real Estate had provided in 2008. ...
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