REO Value-Add Student Housing | University Flats Phase-I

Highlights:

• Ideal student housing location steps from the University of Northern Colorado Campus.
• High-quality, well-maintained 2014 product. All units have 10-foot ceilings and bed/bath parity. Brick and Hardie Plank exteriors.
• 97% current occupancy produces significant cash flow. Very successful 2026/2027 preleasing, with 59% of the units already preleased (as of 3/3/2026) and a 10% year-over-year increase in rental rates.
• REO Asset at well below replacement cost. University Flats Phase I is being offered at approximately 50% of replacement cost.
• Extensive capital improvements were made in 2024 and 2025, including all new roofs, new HVAC units and all exteriors repainted.

Description:

Ri Marketplace Online Auction April 13th-15th, 2026
Register to bid on Marketplace:

https://rimarketplace.com/auction/3066/multifamily/greely/co?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=multifamily_3066

Transwestern’s National Student Housing Team, in conjunction with RealNSIGHT Marketplace, is pleased to exclusively present the opportunity to acquire University Flats Phase I, a 93-unit, 262-bed student housing asset located in Greeley, Colorado.

The Property is optimally located blocks from the University of Northern Colorado (UNC). At 97% occupancy, University Flats Phase I has strong existing cash flow and offers a compelling value-add opportunity for investors through prelease rental rate increases of 10% year over year.

University Flats Phase I offers an outstanding opportunity to invest in a well-maintained quality asset at an extremely attractive basis well below replacement cost in a market where students have limited off-campus housing options, with only one existing comparable student-focused property and no new developments in the supply pipeline.



Lamar P. Fisher
Fisher Auction Company Inc.
License: Internet Auctions Exempt from Licensing
The platform fee for this transaction is the greater of 5.00% or a minimum of $25,000.

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