A garden-style apartment community including 195 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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Fort Collins’ high quality of life attracts many residents. It is a short drive to the mountains and is more affordable than Boulder and many Denver suburbs. The city also benefits from a strong labor market, bolstered by Colorado State University, which drives demand for well-located highly-amenitized apartment communities.
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The property includes a swimming pool, clubhouse, fitness center, dog park, access to surrounding public parks and is walking distance to several retail amenities.
Property Gallery
Location
![Pinecone Apartments Map website 01](https://jllipt.imgix.net/uploads/properties/pinecone-apartments/map/Pinecone-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=cc664baaaf1c78c17afc8a34721a0b40)