Montana

New Supply Tests the Mountain States’ Multifamily Markets

by Sarah Daniels May 13, 2024

Population growth in the Mountain states over the last several years has fueled historic apartment construction across Colorado and Utah. The activity has created some supply overhang in the Denver and Salt Lake City markets in particular, but continuing in-migration, housing shortages and the high cost of home ownership could sustain their resiliency, say two of Asset Living’s newest executives in the region. Based in Houston, Asset Living manages assets valued at $55 billion nationwide, including more than 1,750 apartment properties in addition to student, affordable and single-family build-to-rent housing. …

May 13, 2024

Development Finance Montana News Western

JLL Capital Markets Arranges $47 Million for Freestone on Main in Bozeman, Montana

by Channing Hamilton November 8, 2023

BOZEMAN, MONT. — JLL Capital Markets has arranged the $32 million construction financing and the $15 million equity placement for the development of Freestone on Main in Bozeman. JLL worked on behalf of the sponsor, Reuter Walton, to secure the three-year, floating-rate loan through a regional bank. JLL also sourced the joint venture equity from a real estate investment manager. Mox Gunderson, Scott Loving and Adam Haydon led the JLL Capital Markets team. Freestone on Main will comprise 121 apartments in studio, one- and two-bedroom floor plans. The property will …

November 8, 2023

Berkadia Development Finance Montana News Western

Berkadia Arranges $72.9 Million for Phase Two of 19th & Graf Apartment Homes in Bozeman, Montana

by Channing Hamilton September 20, 2023

BOZEMAN, MONT. — Berkadia has arranged $72.9 million in construction financing for the second phase of the existing 19th & Graf Apartment Homes in Bozeman. The second phase of the project will include 260 units in one-, two- and three-bedroom layouts. Amenities will include a clubhouse with a community room, fitness center, yoga studio, game room, resident lounge, business center, sports simulator and a pool with cabanas, outdoor grilling stations and lawn games. Construction on the entire project is set to be completed by September 2025. The general contractor is Dick …

September 20, 2023

Affordable Housing Development Investment Sales Montana News Seniors Housing Western

Community Preservation Partners Acquires Two Affordable Communities in Great Falls, Montana, for $10.6 Million

by Channing Hamilton August 8, 2023

GREAT FALLS, MT. — Community Preservation Partners (CPP), an affordable housing rehabilitation company, has acquired two developments in Great Falls: Sunshine Village and Broadview Manor East & West. CPP, in partnership with The Hampstead Cos., acquired the communities for $10.6 million. The development team plans to conduct $12.8 million in renovations for the two projects. The properties will remain affordable to households earning 50 percent and 60 percent of the area median income until 2074. Sunshine Village is a 72-unit senior’s community. The three-story building was built in 1979. Sunshine …

August 8, 2023

An aerial 3D rendering of the Highline in Colombia Falls, Montana

Investment Sales Montana News Western

Brickman Real Estate Acquires The Highline in Colombia Falls, Montana

by Channing Hamilton May 17, 2023

COLOMBIA FALLS, MONT. — Brinkman Real Estate has acquired The Highline, a 180-unit property in Colombia Falls, for an undisclosed price. Colombia Falls is located within Montana’s Flathead County. Triad Real Estate Partners represented both Brinkman and the seller in the transaction. The Highline was built in 2020. Brinkman plans to renovate the community with new landscaping and signage, smart home packages and laundry to all units, and amenities such as a grilling area. According to the property website, community amenities currently include a playground, dog park and a clubhouse.

May 17, 2023

Upcoming Events

Nov
19