A garden-style apartment community, including 210 units located in an A-rated school district, according to Niche.com, that boasts long-term low-vacancy rates and high historical rent growth.
Investment Rationale
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Located 50 miles north of Denver along I-25, Fort Collins is the No. 3-ranked market by LaSalle Research & Strategy on its most recent Small Apartment Market Analysis owing to Fort Collins’s limited construction pipeline, strong long-term vacancy rate of just 4.3 percent (15-year average) and annualized rent growth of 4 percent over the last 15 years.
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This market’s vacancy rate and rent growth are 1.2 percent and 1.6 percent better than the US average, respectively. Fort Collins also has a favorable rent versus own dynamic with median home prices of more than $400,000.
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The city also benefits from a strong labor market, bolstered by Colorado State University, which drives demand for well-located highly-amenitized apartment communities.
Property Gallery
Location
![Miramont Apartments Map website 01](https://jllipt.imgix.net/uploads/properties/miramont-apartments/map/Miramont-ApartmentsMap-website-01.jpg?auto=format%2C%20compress&ch=DPR&crop=focalpoint&fit=crop&fp-x=0.5&fp-y=0.5&ixlib=php-3.3.1&w=400&s=c370ff094fb8f5faa87cd3b84ef1c4e5)