Investor scoops up The Standard in Fort Collins for a cool $101M
FORT COLLINS — In one of Fort Collins’ priciest real estate deals of the year, an investment group has bought the newly constructed The Standard student-housing development for just more than $101.4 million.
The developer of the 227-unit project at 775 W. Lake St., Georgia-based Landmark Properties, through holding company Standard Fort Collins LLC, offloaded the site about a year after it was completed.
The buyer was 775 W Lake Street Co Owner LLC, according to Larimer County property records. That organization is a company held by Chicago-based Revantage, a real estate arm of private equity fund Blackstone Inc.
SPONSORED CONTENT
Business Cares: April 2024
In Colorado, 1 in 3 women, 1 in 3 men and 1 in 2 transgender individuals will experience an attempted or completed sexual assault in their lifetime. During April, we recognize Sexual Assault Awareness Month with the hopes of increasing conversations about this very important issue.
Neither party returned requests for comment Wednesday.
The Standard, built by Landmark and its general contractor, Menlo Park, California-based Katerra Inc., totals 355,000 square feet and includes 1,500 square feet of retail space.
It features floor-plan options ranging from studios to five bedrooms, along with a rooftop swimming pool, coffee bar, study lounge, private study rooms, 24-hour fitness center, clubhouse, grilling spaces and outdoor courtyards.
© 2021 BizWest Media LLC
