Real Estate & Construction  April 17, 2020

California investment firm buys apartments near UNC for $12.9M

By

GREELEY — A California investment firm has purchased the Bears Village Apartment complex near the University of Northern Colorado campus for $12.9 million.

Novato, California-based Black Point Capital LP purchased the seven-building, 98-unit complex apartments located just north of Jackson Field on the UNC campus from Windsor-based SC Rentals, according to a press release from broker Unique Properties Inc. The deal amounts to $131,632.65 per unit and $193.58 per square foot.

Weld County assessors last valued the property at $8.1 million, according to property-transfer records. UNC previously owned the apartments, but sold it to SC Rentals in 2017 for $7.1 million.

SPONSORED CONTENT

Hospice nurse comforting an older gentleman who appears upset

Prioritizing mental health in hospice care

Prioritizing mental health support alongside physical comfort, Pathways hospice care aims to enhance the quality of life for patients and their families during one of life's most challenging transitions.

Christopher Wood
Christopher Wood is editor and publisher of BizWest, a regional business journal covering Boulder, Broomfield, Larimer and Weld counties. Wood co-founded the Northern Colorado Business Report in 1995 and served as publisher of the Boulder County Business Report until the two publications were merged to form BizWest in 2014. From 1990 to 1995, Wood served as reporter and managing editor of the Denver Business Journal. He is a Marine Corps veteran and a graduate of the University of Colorado Boulder. He has won numerous awards from the Colorado Press Association, Society of Professional Journalists and the Alliance of Area Business Publishers.
Categories: Greeley Industry News Real Estate & Construction Region Sunday Weekly Today's News
Sign up for BizWest Daily Alerts