Overview
The Springs Cottage Portfolio is an exceptional new construction multifamily opportunity comprised of 276 units in Colorado Springs, spread across three different assets: The Cottages at Torin Point (116 units), The Cottages at Jet Wing (92 units), and The Cottages at North Carefree (68 units). The cottages offer a mix of studio, one-, and two-bedroom apartment homes with luxury interior finishes such as granite countertops, stainless steel appliances, air conditioning, washer and dryer, and all electric kitchens.
The Cottage properties are all fully stabilized assets with over 97% occupancy and positive lease trade outs as original leases turn. The properties are all located within a 4-mile radius, allowing for shared payroll, maintenances, and management across the portfolio.
The properties are strategically located in submarkets with limited new supply and near growing employment hubs including Peak Innovation Park, Peterson Space Force Base, and the Colorado Springs Airport.
Investment Highlights
BFR Multifamily Investment
Differentiated BFR multifamily investment opportunity with a diverse mix of studio, one-, and two-bedrooms cottages
Stabilized Properties
Fully stabilized properties with limited vacancy and room for rent growth as original leases turn
High End Finishes
Units feature high end finishes including wood vinyl flooring, granite countertops, all stainless steel electric kitchens, washer and dryer, and air conditioning
Strategically Located
Assets are strategically located near growing employment hubs including Peak Innovation Park, Peterson Space Force Base, and the Colorado Springs Airport
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