Milestone Group Expands Portfolio with Strategic Acquisitions in Colorado and Idaho

The Milestone Group Expands Portfolio with Key Acquisitions

In December, The Milestone Group, renowned for its substantial foothold in the U.S. real estate market, successfully acquired two significant multifamily assets in the Intermountain region. This strategic decision underscores the firm’s commitment to capitalizing on high-value opportunities within rapidly growing areas—specifically, the Bucking Horse Apartments in Fort Collins, Colorado, and the Prelude at Paramount in Meridian, Idaho.

Overview of the Acquisitions

Bucking Horse Apartments

Located within a meticulously planned 160-acre community in Fort Collins, the Bucking Horse Apartments is a notable garden-style complex offering 322 units. The community is designed to promote an engaging neighborhood experience, featuring structurally sound low-density buildings that meet homebuilder-quality standards. Residents will enjoy one-, two-, and three-bedroom units alongside three-bedroom garage townhomes, surrounded by single-family homes valued at an average of $800k.

Rich Ritter, Vice President of Acquisitions at Milestone, highlighted the community’s attractive amenities and proximity to key employment centers as major draws. He pointed out that the Fort Collins market displays strong growth fundamentals and boasts a 95% occupancy rate, making it a competitive area for housing with limited future supply.

This vibrant locale continues to attract significant capital, evident from projected developments like Marvel Fusion’s upcoming $150 million laser research facility and a vast Amazon robotics facility. Furthermore, the expansion of Colorado State University's Future Technology building reinforces Fort Collins' standing as a growing economic hub.

Prelude at Paramount

Meanwhile, the Prelude at Paramount comprises 280 units in a thriving suburban area of Boise. Meridian has experienced tremendous growth, with a population increase exceeding 20% since 2020. This growth can be attributed to the area's booming technology, healthcare, and education sectors, all contributing to robust job creation and low unemployment rates.

The asset itself, constructed in 2018, embodies modern, efficient living through smart home technology and renovated community amenities that align with contemporary tenant expectations. Its location provides immediate access to top-quality schools, shopping centres, and essential transport links.

Strategic Significance of the Acquisitions

Milestone believes these acquisitions will not only enhance its portfolio but also cater to the growing demand for quality rental housing in high-growth regions. Ritter noted the potential for significant value enhancement at both properties, particularly in light of the favorable demographic and economic trends in these neighborhoods driven by migration and job growth, especially in tech, medical, and educational fields.

Milestone’s strategy hinges on acquiring underperforming assets at advantageous prices and employing a value-enhancement business model to stimulate long-term demand, positioning the properties for appreciation.

About Milestone Group

With a legacy dating back to 2003, The Milestone Group has cultivated a reputation as a leading privately-held investment management firm focused on multifamily real estate across major U.S. metropolitan areas. The firm has eyes on evolving economic conditions and has navigated various market cycles successfully, managing over $9 billion in real estate investments and a portfolio exceeding 90,000 units. Their corporate offices are located in Dallas, TX, Boca Raton, FL, and Atlanta, GA, demonstrating a national reach and dedication to quality real estate investments. For further insight on their investments, visit www.milestonegp.com.

In summary, Milestone's recent acquisitions echo its strategic ambitions to position itself firmly in expanding markets. By focusing on communities such as Fort Collins and Meridian, they plan to cultivate growth opportunities while enhancing quality living standards for residents, reinforcing their commitment to intelligent, impactful investments in multifamily housing.