Investment Overview

Marcus & Millichap is pleased to present The Vail Valley Portfolio (“The Portfolio”), a 131-unit multifamily portfolio comprised on two properties in Eagle County, CO. The properties are in the towns of Eagle and Gypsum, located within the Vail Valley, which boasts a young, affluent population with an average household income exceeding $125,000. Both properties are conveniently located along the I-70 corridor offering residents easy access to nearby Avon, Vail, Beaver Creek, Glenwood Springs, and Denver. The Red Table Apartments offers one studio, and spacious one- and two-bedroom floorplans that average 600 and 924 square feet, respectively. Built in 2009 and 2017, Red Table is comprised of six buildings consisting of 77 apartments, 32 heated, secured storage units, and 45 attached and detached garages. The House is a 54-unit community boasting three one-bedroom units and 51 studio units averaging 414 and 292 square feet, respectively. The House was originally built in 1998 and underwent a complete renovation in 2018 inclusive of all units and common areas. In addition to several on-site amenities, residents enjoy a score of outdoor amenities in Eagle County including 14 golf courses within 20 miles, over 15,000 acres of county owned open space, 206 miles of hiking trails, world-renowned ski resorts, and kayaking, rafting, and fly fishing along the Eagle River. The Portfolio offers affordable units that come at a significant discount to the cost of home ownership in The Vail Valley. Based on the rents being achieved across The Portfolio, residents benefit from a monthly discount to home ownership of 75% ( ~$7,700) at Red Table Apartments and 84% (~$8,600) at The House. Colorado’s Western Slope has become increasingly attractive in the last several years as tenant preferences have shifted away from urban core locations. As such, submarkets along the I-70 corridor have seen lower vacancy rates and higher rent growth, relative to alternative, urban markets.