JB Matteson Acquires 288-Unit Multifamily Property From Vantage Communities For $72.3 Million

The property involved in this transaction is a multifamily asset located at 1430 South Tyler Road, Loveland, CO. The sale price was $72,300,000, translating to a price per unit of $251,042 for the 288 units contained within the property.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $72,300,000
• Units: 288
• Price per unit: $251,042
• Seller: Vantage Communities of San Antonio
• Buyer: JB Matteson
• Broker: JLL
• Market: Loveland, CO
• Loan Amount: $40 million
• Loan Term: 5 years
• Lender Type: Unnamed life insurance company

JB Matteson acquired the property marking its first acquisition in Colorado, facilitated by JLL Capital Markets, who arranged the financing necessary for the deal.