The Rainier Companies Sells 208-Unit Multifamily Community In Fort Collins For $62.7M

The property involved in this transaction is a multi-family asset located at 1020 Wabash Street in Fort Collins, Colorado. The sale price for this property was $62,700,000, which encompasses a total of 208 units with a price per unit of $301,442.

Summary of transaction details:

• Property Type: Multi-Family
• Transaction Amount: $62,700,000
• Units: 208
• Seller: Danny Lovell - The Rainier Companies
• Brokers: Jordan Robbins, Wick Kirby, Alex Possick, Seth Gallman & Tyler Ford - JLL
• Market: Fort Collins, CO
• PPU: $301,442

JLL was instrumental in arranging not only the $62.7 million sale but also a $38.8 million Freddie Mac acquisition loan for this multi-family community, facilitating the transfer from The Rainier Companies to a Hamilton Zanze-sponsored DST.