Closed Deals
COLORADO SPRINGS, COLORADO
OLYMPIC GARDENS
Formerly known as the Arroyo Apartments, this investment involves the purchase, renovation, and optimization of a 62-unit, Class C workforce housing multi-family building in Colorado Springs, Colorado.
colorado springs, colorado
Olympic Square
Formerly known as the Midtown Flats Apartments, this investment involves the purchase, renovation, and optimization of a 60-unit, Class C workforce housing multi-family building in Colorado Springs, Colorado.
Pueblo, COLORADO
BELMONT SQUARE
This investment involves the purchase, renovation, and optimization of an undermarket 138-unit workforce housing multi-family building in Pueblo. This is an ideal recession-resistant investment due to the extraordinary existing demand (building currently has a three-month waitlist), with the possibility for significant improvement and growth by immediately bringing the property in line with existing market values, while remaining rent-competitive post-renovation due to the undersupply of inventory currently serving this market.
Through our repositioning strategy, we plan to transform the building into a thriving component of the community while providing investors with outsized returns and limited downside risk exposure, driven by strong equity growth from apartment renovations and mark-to-market, and, through the deployment of wise strategy and efficient management, an increase of 80% in NOI during the hold period.
Denver Metro
Edgewood
Edgewood Apartment is a 112-unit Class C workforce housing multifamily property in the Denver suburb of Westminster that was acquired off-market in May of 2022. The building is undergoing a $1.5million renovation and reposition. In addition to delivering exceptional returns to our investors, we are excited to improve the community by completely renovating and improving a previously mismanaged and neglected building.
Denver Metro
Ingall's Grove
This marquee property illustrates Cross Mountain's value-add strategy in a premiere MSA. Ingall's Grove, a 54-unit Class C apartment complex, was sourced off-market via a data-driven acquisition off-market campaign. The asset was acquired for $8.8 million in January 2021 and currently undergoing renovations to reposition to a class B through gut renovations and amenities.
Vermont
Green Hills - Brattleboro Portfolio
This 50 unit multifamily and self-storage portfolio in Brattleboro (Vermont's gateway city and the largest in southern Vermont) was already a high cash-flow portfolio at acquisition. Cross Mountain Capital is making improvements and renovations across the portfolio and optimizing buildings to improve the overall community while bringing exceptional returns to investors.
Vermont
Green Hills - Stratton
This portfolio features single-family homes and cabin rentals near Stratton Mountain Ski Resort in Southern Vermont, offering year-round recreational opportunities. We are partnering with a prefabricated cabin design manufacturer to add additional cabins and are investing in the area to improve the community.
Vermont
Killington Valley
This 150-unit portfolio encompasses 100 residential units (long-term and short-term rentals), commercial properties and self-storage near Killington, the largest multi-season ski and mountain biking resort in the Northeast. This portfolio features a combination of high yield and heavy-value strategies and reflects Cross Mountain Capital's ability to combine blended portfolios for asset class diversification coupled with extraordinary day one cash flow and heavy value-add with a multiyear renovation budget to force appreciation as well.
Vermont
Otter Creek
This unique portfolio features 9 multifamily buildings, 30,000 square feet of commercial space, & 5 Acres of Development. This blend of assets creates a unique return and balanced profile for investors designed to outperform in any market cycle.
Recent Sale Examples
Colorado Springs
Fontmore Apartments
Fontmore Apartments is a 12plex that was managed by our affiliate 3GEN, and was acquired for $1.46 million in October 2020 and sold In July 2022 for $2.2 million. Deal level metrics: 52% IRR and 2.14x equity multiple over a 21-month hold period.
COLORADO Springs
ELMS APARTMENTS
The Elms Apartments are a 12plex that was managed by our affiliate 3GEN, and were acquired for $1.455 million in May 2021 and sold in September 2022 for $2.2 million. Deal level metrics: 83% IRR and 2.14x equity multiple over a 15-month hold period.
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