FORT COLLINS, CO - Atlanta-headquartered ARA, the largest privately held, full-service investment advisory brokerage firm in the nation focusing exclusively on the multihousing industry, recently sold Timberline Road, a +/- 16.9-acre site located in Fort Collins, Colorado.
ARA Colorado principals, Steve O’Dell and Chris Cowan, represented the buyer, an Alabama-based real estate developer, Crowne Partners, in the transaction. A private local investor sold the site for an undisclosed amount.
Chris Cowan explained, “Crowne Partners is excited about entering the dynamic Fort Collins marketplace with its explosive economic growth. While Fort Collins has seen a strong pipeline of new developments geared towards the booming CSU student population, there have been very few traditional class-A communities built, which should bode well for Crowne.”
The Timberline Road site is located adjacent to the Linden Park neighborhood on the northwest corner of Prairie Hill Drive and South Timberline Road. The property’s infill location is in Fort Collin’s path of growth towards Loveland and minutes from the major employers located along East Harmony Road. This coveted location will allow future residents great access to downtown Fort Collins and Loveland, both within ten minutes of the site, as well as endless recreational opportunities on the surrounding golf courses, reservoirs and bike paths.
To schedule an interview with an ARA executive regarding this transaction, please contact Lisa Robinson at lrobinson@ARAusa.com or 404.990.4900, or Amy Morris at amorris@arausa.com or 404.990.4902; locally, Chris Cowan at cowan@ARAusa.com, or Steve O’Dell at odell@ARAusa.com, or 303.260.4400.
About ARA
Atlanta-headquartered ARA is the largest privately held, full-service investment advisory firm in the nation that focuses exclusively on the brokerage, financing and capital sourcing of multihousing properties including conventional, affordable, distressed assets, notes sales, seniors, student & manufactured housing and multihousing land. ARA is comprised of the country’s top investment professionals who leverage a unique and fully integrated cooperative business platform of shared information, relationships and technology driven solutions. ARA’s unified enterprise approach ensures that clients are delivered the broadest asset exposure, effective matching of buyers and sellers, and the shortest transaction timeframes in the industry. The combination of resources, unparalleled market expertise and nationwide presence in the multihousing marketplace resulted in an annual production volume of $9.5 billion in real estate transactions in 2012. For detailed information on ARA’s extensive multihousing investment services, visit www.arausa.com