Remarkable Vail Valley Location

Eagle County spans 1,694 square miles and is home to approximately 55,575 residents, making it a dynamic market for multifamily workforce housing investment. Strategically located along the scenic Eagle River and the I-70 corridor, the county offers exceptional connectivity, natural beauty, and year-round lifestyle appeal. At an average elevation of 6,600 feet, Eagle County thrives as a destination for outdoor enthusiasts, with popular activities ranging from hiking and mountain biking to skiing, fishing, and rafting— all of which help sustain a robust tourism-driven economy.

Limited Competition & Excellent Fundamentals

With fewer than 3,000 total rental units countywide—and only ~1,797 market-rate units—the market faces a chronic shortage of available rental housing. High construction costs, averaging $425,000 per unit, combined with geographic and regulatory barriers to entry, have made new development increasingly unfeasible. In this tight-supply, high-demand environment, Sylvan Flats stands out as a rare opportunity to acquire a stabilized asset at a minimum 16% discount to replacement cost, with strong potential for future rent growth and long-term value appreciation. The property is ideally positioned to serve the region’s growing population of year-round residents and workers priced out of homeownership.

Acquisition of Immediate Scale in Supply-Constrained Market

Eagle County faces a significant housing supply shortage, especially for market-rate rental units, amid growing demand fueled by its appeal as a premier mountain resort destination. The county includes high-demand towns such as Vail, Beaver Creek, Avon, and Gypsum, where much of the housing stock consists of luxury or second homes. There are fewer than 3,000 total rental units across 42 properties in the entire county, with approximately 1,190 designated as affordable housing—leaving just ~1,797 market-rate units to serve the broader population. With high construction costs and substantial barriers to new development, new multifamily supply remains severely limited, intensifying the supply-demand imbalance. This constrained environment positions existing assets like Sylvan Flats to benefit from persistent renter demand and strong future rent growth in one of Colorado’s most supply-constrained resort markets.

Unparalleled Proximity to Legendary Outdoor Recreation

With more than 290 days of sunshine annually and over 206 miles of hiking trails accessible from the town of Eagle, the region draws not only tourists but also year-round residents who seek a high quality of life. A diverse and growing population is supported by strong educational infrastructure, including a mix of public and charter schools, as well as Colorado Mountain College, which offers associate and bachelor’s degrees, career training, and continuing education. This vibrant blend of economic opportunity, lifestyle amenities, and workforce needs creates a solid foundation for multifamily investment in Eagle County.

Discount to Home Ownership

Eagle County’s housing market has experienced explosive growth, driven by strong population and job gains, along with a high quality of life that continues to attract transplants nationwide. Since 2017, home prices have surged by 188%, including a 71% increase between 2020 and 2024. Over the past year, the average sale price for single-family homes, townhouses, and condos in Eagle County reached $1,899,299, creating significant barriers to homeownership. In contrast, rents at Sylvan Flats aapproximately 79% less expensive than the cost of owning a home in the area, offering residents a highly affordable housing alternative. Positioned just off I-70 and surrounded by world-class recreation and top-tier amenities, Sylvan Flats is well-situated to benefit from sustained demand and future rent growth as Colorado’s mountain resort markets become increasingly inaccessible for homebuyers.