Fort Collins apartment complex sells for $110M

FORT COLLINS — A California real estate group has spent $110 million to acquire The Wyatt in Fort Collins, a nine-building, 368-unit complex in the city’s southeast corner.

A subsidiary of San Francisco-based Hamilton Zanze & Co. acquired the complex west of the East Harmony Road/I-25 interchange in a deal that closed March 30, according to Larimer County property records. The deal amounts to $298,913 per unit, and is an almost 231% premium over the property’s last estimated value of just less than $33.24 million by county assessors.

The complex was completed in 2019. In a statement, Hamilton Zanze said the property…