Luxury New Construction, Suburban Core Asset: Springs at Foothills Farm is a Class A asset with top-of-the-line community amenities and in-unit finishes and features.
Outstanding Location: The property benefits from a prime location off I-25 and Interquest Pkwy., surrounded by many destination retailers and attractions such as Scheels, Great Wolf Lodge Water Park, The Summit & Icon Cinema. Neighborhood employers include Lockheed Martin, SAP America, Progressive Insurance, Western Digital, United Healthcare Group, USAA & Oracle.
Excellent Demographics: Springs at Foothills Farm is located in School District #49, featuring the finest schools in Colorado Springs, including Cheyenne Mountain Elementary and Liberty High School. With median household incomes within a one-mile radius of $121K, the surrounding SFH homes start in the $600Ks and go well north of $1MM+.
Top Tier High Growth Market: Colorado Springs is one of the strongest apartment markets in the country. Through the first quarter, average rents are up 16.1% year-over-year. Colorado Springs is ranked as the #1 most desirable place to live by US News & World Report.
Value-Add Potential: Ability to significantly increase revenues by adding more Upgraded Concierge Units (there are only 48 currently), adding more Pet Yards, Carports, and Reserved Parking Spaces.
The Best Access to Private and Institutional Capital