REO Sale: Student Housing | University Flats

• 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.

Offering Summary

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 on-campus housing options, with only one existing comparable student-focused property and no new developments in the supply pipeline.