Benedict Canyon Equities Acquires 314-Unit Multifamily Property In Fort Collins For $110M

The multifamily property located at 2451 S. Timberline Road in Fort Collins, CO has been sold. The property spans over 16 acres and consists of 314 units. The transaction took place on November 8, 2022, with Benedict Canyon Equities as the buyer and McWhinney as the seller. Walker & Dunlop acted as the broker in this deal. The sale price for the property was $110,000,000, leading to a per-unit price of $350,318.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $110,000,000
• Address: 2451 S. Timberline Road, Fort Collins, CO
• Market: Fort Collins, CO
• Buyer: Benedict Canyon Equities
• Seller: McWhinney
• Broker: Walker & Dunlop
• Units: 314
• Price Per Unit: $350,318

The sale of this multifamily property showcases the successful collaboration between Benedict Canyon Equities, as the buyer, and McWhinney, as the seller. Walker & Dunlop served as the broker in this transaction, facilitating the deal between the parties involved. This sale highlights the continued growth and investment in the Fort Collins, CO market.