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Completed

Chestnut Springs Apartments

Colorado Springs, CO

Overview

Asset class

Real estate

Asset type

Multifamily

Strategy

Fixed income

Funds

Updates

New acquisition

July 17, 2017

This cash-flowing property is one of six we’ve invested in with local sponsor Vukota Capital, which has extensive experience owning and operating apartments in Colorado Springs.

New acquisition: stabilized apartments in Colorado Springs

Exit

April 14, 2021

The project generated an annualized return of roughly 11%, supporting quarterly dividends for Heartland eREIT investors.

Colorado Springs, CO, apartment investment pays back successfully

Location

Colorado Springs, CO

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Asset type

Multifamily

Multifamily (MF) is a residential building designed to house multiple tenants. These properties can range from small to large apartment complexes with hundreds of units. With a boom in remote work and business-friendly local governments courting employers, more affordably-priced suburban apartment communities have generally experienced stable or growing demand. Multifamily’s resilient demand and scale enables us to leverage our integrated operating platform to drive long-term performance.

Our strategy

Fixed income

Provide real estate backed loans or similar financing

Expected variability of return: Low
Timing of expected return: Typically begin earning interest immediately
Primary expected source of returns: Interest income

More about our strategies

This section is intended to provide a general overview of the Fixed income strategy for educational purposes only, and is not meant to be representative of the specific details of any individual investment. All investments involve risk; there are no guarantees of any returns.

Associated fund

Heartland eREIT

Closed Real estate

The Heartland eREIT focuses on investing throughout the majority of the Sunbelt, which has been a beneficiary of high rates of population and job growth and the shift to remote work due to low cost of living, warmer weather, and business friendly policy.

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