Overview
Cushman & Wakefield is pleased to present The Timbers Apartments, a 143-unit multifamily community strategically located in Laramie, Wyoming, one of the Mountain West’s most stable rental markets. Constructed in 1982, the property features an efficient unit mix of 139 studios, three one-bedroom units, and one two-bedroom unit, providing affordable and flexible housing options for students, young professionals, and workforce renters. The Timbers is the largest multifamily property in Laramie and one of only four assets over 50 units in the market.
The Timbers offers furnished units, individual leasing, utilities included in rent, on-site laundry facilities, and 24-hour access, creating a convenient living environment that appeals to a broad tenant base. The property’s proximity to the University of Wyoming provides access to consistent housing demand from more than 11,000 students, faculty, and staff.
Laramie’s economy is supported by higher education, healthcare, government, tourism, and research, creating a diversified foundation for long-term rental demand. Combined with limited housing supply, population growth, affordability, and Wyoming’s business-friendly environment, The Timbers represents an attractive opportunity to acquire a well-positioned multifamily asset with stable occupancy, durable demand, and long-term appreciation potential.
Investment Highlights
DOMINANT 143-UNIT COMMUNITY
The Timbers is the largest deal in the Laramie and one of only four assets over 50 units, featuring 143 units across two three story buildings. Its scale provides operational efficiencies while offering investors immediate cash flow and limited near term capital expenditures through a well-maintained multifamily asset.
CONSISTENT DEMAND DRIVEN BY THE UNIVERSITY OF WYOMING
Located just minutes from the University of Wyoming, the property benefits from year-round housing demand generated by students, faculty, graduate researchers, and university staff. The university serves as one of the region’s largest employers and economic anchors, supporting stable occupancy over time.
WORKFORCE HOUSING POSITIONED FOR STRONG OCCUPANCY
With studio-oriented unit mix, The Timbers provides one of the market’s most affordable rental options, with $50+ premiums as leases turn and an opportunity to bill back utilities. This positioning appeals to students, first-time renters, and workforce residents seeking attainable housing, helping maintain a broad and resilient renter pool.
RARE 1980S CONSTRUCTION WITH RESIDENT-FOCUSED AMENITIES
The community offers furnished units, individual leasing options, utilities included in rent, on-site laundry facilities, high-speed internet access, picnic and grilling areas, and 24-hour access. These conveniences enhance the resident experience while supporting tenant retention and leasing velocity.
ASSUMABLE LIFECO LOAN
- Rate: 3.95% (Fully amortizing)
- Remaining Term: 12 years (17-year note originated in 2021)
- Current Loan Balance: $2,882,151.44
GROWING REGIONAL ECONOMY
Laramie continues to experience population growth and benefits from a diversified economy anchored by higher education, healthcare, government, research, and tourism. Wyoming’s favorable tax environment— including no state income tax—continues to attract businesses and residents seeking long-term economic stability and affordability.
EXCEPTIONAL WYOMING LIFESTYLE
Nestled between the Laramie and Medicine Bow mountain ranges, residents enjoy immediate access to hiking, skiing, climbing, fishing, and countless outdoor recreation opportunities. Combined with Laramie’s vibrant downtown, cultural attractions, and college town atmosphere, The Timbers is well-positioned within one of Wyoming’s most desirable communities for students and professionals alike.
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