Category: Sales
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Are your apartments worth $100,000 per unit? $200,000 per unit? More???
With the latest quarterly sales report ( CLICK HERE ), owners of residential rental properties in Northern Colorado can ascertain a few things: Very few properties have sold Prices continue to rise due to persistent demand Today’s sellers are realizing the advantage of selling with little to no competition Property values have accelerated between…
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2019 Q1 Northern Colorado Multifamily Sales
2019 Q1 Multifamily Sales in Larimer & Weld Counties The first of 2019 continued the trend of 2018 with slow transaction volume (even though sales volume is over 50% of 2018 total due to one sale of $63.5M). With 8 confirmed sales of properties with 4 or more units, we continue to see owners not…
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Will Northern Colorado Apartment Sales Rebound in 2019?
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The multifamily market is incredibly hot – all over the country! So why is it that 2018 was the slowest transaction year since the great recession in Northern Colorado. Larimer and Weld Counties combined for only 46 transactions of properties 4 units and up. Only one property with more than 100 units sold all…
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2014 Q4 NoCo Multifamily Market Report
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JUST RELEASED: The 2014 Q4 Northern Colorado Market Report CLICK HERE to request full 8-page report.Following is an excerpt from the full market snapshot: The multifamily market in Northern Colorado continued its strong performance through the third and fourth quarters of 2014. Although there were some lulls seen in the growth, the area still expanded its workforce…
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Record Breaking Apartment Sales
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This article was published in the January 21 – February 3, 2015 Colorado Real Estate Journal. Record breaking. That’s how 2014 will be remembered in the Northern Colorado multifamily industry. All three cities: Fort Collins, Greeley and Loveland, posted record rents, vacancies and sales numbers. As a tertiary market, the numbers for Northern Colorado…
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2010 Year End Market Report – Northern Colorado Apartments
We are just finalizing our 2010 year end report for apartment activity and performance in Northern Colorado (Fort Collins, Greeley, Loveland). What a dramatic difference from 2008 and 2009. Can’t wait to get it finalized and published/printed. If you have interest in receiving a copy via mail or email, please let me know at mannlein@realtec.com…
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Investment Sales Volume Seen More Than Doubling in 2010
Dec 29, 2009 – CRE News (via LoopNet) Sales of office, retail, multifamily and industrial properties could exceed $100 billion in 2010. That would more than double the $45 billion projected for all of 2009, according to Real Capital Analytics. “We have hit bottom and are starting the new decade on the upswing,” the New…
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Princess Apartments SOLD
GREELEY, CO – The Princess Apartments located in Greeley, Colorado, which include 8-units on 22nd Street, and a duplex on 6th Avenue, sold December 30, 2009. The buyers, an investment group out of Denver, are adding to their portfolio of multifamily investments. The property was marketed by the Apartment Team of Brian Mannlein and Erik…
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Fort Collins Condo Complex Sells for $2.2M
BBK Properties LLLP purchased Sherwood Greens, a 15-unit multifamily in Fort Collins, CO, from Hellenic Plaza LLC for $2.2 million, or about $146,667 per unit. The condominium property at 630 S. Sherwood St. consists of 15 three-bedroom/three-bathroom units. The seller utilized a 1031 exchange to complete the transaction.
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Conditions Remain Cloudy for Apartments
Jan 21, 2009 1:40 PM, By Poonkulali Thangavelu Conditions in the apartment sector continued to be less than favorable, according to the January survey of multifamily industry executives by the National Multi Housing Council (NMHC) based in Washington, D.C. However, based on factors such as sales volume, availability of debt and equity funding, the industry…