Real Estate & Construction  October 11, 2021

Repeat seller gets $109 million for Fort Collins apartment properties

FORT COLLINS — Inland Private Capital Corp. sold two Fort Collins multifamily complexes for $109 million. Miramont Apartments sold for $57.36 million and Pinecone Apartments for $51.62 million, on Oct. 1, Larimer County property records show.

In August, the Illinois-investor sold The Preserve at the Meadows for $61 million, also in Fort Collins.

The three sales total $170 million. Inland in 2016 bought Miramont and Pinecone for $83 million and The Preserve for $46 million. The three brought a 166% return to investors based on the aggregate amount of original capital invested, and 12% to 13% average annualized return,…

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