Avanti Residential Acquires 105-Unit Multifamily Property From Granite Capital Group For $40.8M In Fort Collins

A multifamily property located at 2758 Iowa Drive in Fort Collins, CO was sold for $40.8 million. This asset encompasses 105 townhome-style units, resulting in a price per unit of $388,571, and was noted to have a 95% occupancy rate at the time of closing.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $40,800,000
• Units: 105
• Price Per Unit: $388,571
• Seller: Granite Capital Group
• Brokers: Robert Bratley, Jack Sanders, Mike Grippi & Pamela Koster - Berkadia
• Market: Fort Collins, CO

The transaction involved Colorado-based Avanti Residential acquiring the property, with the deal facilitated by the brokerage berkadia'>Berkadia, which played a key role in arranging the sale.