West Grange Apartments

On behalf of Walnut Development Partners (the “Sponsor”) Capstone is pleased to present a Limited Partner or Preferred Equity investment opportunity for West Grange Apartments. The 88-unit development will be a luxury, Class A community featuring best-in-class finishes and is ideally positioned in the premier west Longmont area of Boulder County, Colorado. The 2.33-acre site is located on the Southeast corner of Nelson Road and N 75th St, within a neighborhood of high-end single-family homes with values ranging from $650,000 to over $1,200,000. Longmont is a beautiful front-range suburb of Boulder, CO, with 2,500 acres of open space, 700 miles of trails, breathtaking views of the Rocky Mountains, and only a 10-15-minute drive from Boulder. Longmont has small-town charm mixed with modern urban amenities, while also providing excellent employment, retail, recreation, and education opportunities for future residents to take advantage of. Coupled with the continued growth and excellent multi-family fundamentals of Boulder County, West Grange Apartments provides not only an excellent foundation but also attractive upside for incoming investors.

Investment Highlights:

Approved Project Part of a PUD in Desirable Boulder County

Differentiated Product with an Excellent Basis

Premier West Longmont Location Within Boulder County

Proximity to High-Quality Employment

Excellent Boulder County Multi-Family Fundamentals