University Flats apartment complex faces foreclosure, bankruptcy sale
GREELEY — Foreclosure proceedings have begun against the owners of the south portion of the University Flats apartment complex in Greeley, even as the entire property faces a bankruptcy sale.
A Notice of Election and Demand for Foreclosure was filed Thursday with the Weld County Public Trustee in Greeley against Greeley Flats DST, a holding company being used by Aliso Viejo, California-based Nelson Brothers Professional Real Estate LLC, which bought the 232-unit University Flats apartment complex, 1758 Sixth Ave., in 2018 for $21.3 million. The complex, which caters to University of Northern Colorado students, opened in 2014.
Nelson owned the property…
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