September 1, 2017
Connect Apartments is planned for September 28th in Los Angeles. Here’s where to get more information and register.
San Francisco-based FPA Multifamily acquired River Glenn, a 300-unit value-add asset in Fort Collins, CO for $47.5-million. ARA Newmark’s Terrance Hunt, Shane Ozment, Doug Andrews and Jeff Hawks represented Ocwen Loan Servicing, LLC, the asset manager for the unnamed seller.
Constructed in 1985 and located at 2736 Raintree Dr., River Glenn is a five-minute drive from the second largest university in the state.
“Located in the heart of Fort Collins, River Glenn is proximate to both Colorado State University (CSU) and the Harmony employment corridor, the largest in Northern Colorado, making it a convenient student- and family-friendly community. It has maintained nearly full occupancy for the last five years, and is positioned for a value-add strategy in 82% of the units with immediate rent upside,” said Hunt.
For comments, questions or concerns, please contact Dennis Kaiser