Multi-Housing

Sleeping Ute

516 S Madison St Cortez, CO United States 81321-3848
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1980
Building Area Net
Land Area Net ()
Number of units 60
Occupancy 100.0 %

Property Description

Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to offer the exclusive opportunity to acquire Sleeping Ute Apartments, a 60-unit, 100% HAP property in Cortez, CO. The Property benefits from a Project-Based Section 8 (HAP) contract that generates bond-like returns and ensures full economic occupancy and limited turnover. Given its location in a QCT and the new 4% floor for federal LIHTCs, the Property is well-positioned as a preservation opportunity.

Investment Highlights

  • HAP Contract Provides Stable Cash Flow
  • Affordable Housing Preservation Opportunity
  • Favorable Capital Markets Environment
  • Near Regional Economic Anchors
Last Updated Date: 30 Sep 2021
Doug Childers
Doug Childers
Senior Managing Director, Affordable Housing Group Leader
License details
CA-01924035 GA-328338 FL-SL3467836 IA-S68329000 NC-LC762
+34910602617
Michael Fox
Michael Fox
Senior Director, Capital Markets
License details
GA-367860
+34910602617
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Last Updated Date: 30 Sep 2021

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