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Colorado Springs, CO

Elevate At Fillmore

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The Opportunity

Elevate At Fillmore is the development of a 196-unit,Class-A multifamily community in northwest Colorado Springs, CO. This investment is emblematic of our best-in-class, low-cost basis strategy. The project will be developed by The Garrett Companies, a best-in-class, vertically integrated developer who builds market-rate multifamily at a significantly lower cost basis than competitors. The Garrett Companies arguably has one of the most impressive track records in the country.

Competitive Advantage

Best-In-Class Developer Advantages

Discounted Construction Cost

Through The Garrett Companies’ vertically-integrateddevelopment & construction team, the firm delivers superior product at asignificant discount to competitors’ construction cost. For our investors, Lowerconstruction costs allow for a greater degree of downside protection thanks toa lower required exit price to meet investor return targets.

Strong Track Record and Refined Tested Product

With a strong track record in the Rocky Mountain Region, The Garrett Companies has executed on the development, lease-up, and sale of over 3,500 units in the region. Informed by years of experience and accompanying design refinement, TGC offers a unique product with broad unit type variety and less total units than comparable developers in the region. Their refined development offering has been successfully tested for demand with both tenants and institutional buyers.

Lessons Learned

Property Location

Documents & Financials

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Related Articles

Investment Summary

Property Type:

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Strategy:

Multifamily Development

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Address:

1300 W Fillmore St. Colorado Springs, CO 80907

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Investment Date:

November 5, 2024

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Investor Preferred Return:

14%

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Property Type:

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Strategy:

Multifamily Development

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Address:

1300 W Fillmore St. Colorado Springs, CO 80907

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Investment Date:

November 5, 2024

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Exit Cap Rate:

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Realized Investor Return:

14%

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Property Type:

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Strategy:

Multifamily Development

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Address:

1300 W Fillmore St. Colorado Springs, CO 80907

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Investment Date:

November 5, 2024

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Disposition Date:

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Hold Period:

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Total Capitalization:

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Realized Investor Return:

14%

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