Residential

Pinecone Apartments

Fort Collins, CO

Acquired September 2021

At a Glance

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

  • 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.

  • 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.

  • 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