Investment Overview

Aspire Fillmore Apartments is a 114-unit workforce housing community located in northwest Colorado Springs, just off I-25 and minutes from Downtown Colorado Springs, Garden of the Gods, UCCS, major retail corridors, and regional employment centers. The Property offers investors the opportunity to acquire a stabilized, well-located asset with meaningful operational upside, durable renter demand, and a rent profile that remains highly attainable relative to surrounding homeownership costs. Built in 1965 and situated on 4.52 acres, Aspire Fillmore features a balanced mix of studio, one-, two-, and three-bedroom apartment homes averaging 648 square feet. The community’s unit mix appeals to a broad renter base, including military personnel, healthcare workers, aerospace and defense employees, students, service workers, and other workforce households seeking affordable access to central Colorado Springs. Aspire Fillmore is also well positioned to benefit from improving Colorado Springs multifamily fundamentals. After several years of elevated new supply, the market’s construction pipeline has contracted materially, reducing future competitive pressure and creating a more favorable environment for existing, attainable rental communities. With its accessible rent profile, established northwest Colorado Springs location, and identifiable operational upside, Aspire Fillmore represents a compelling opportunity to reposition a stabilized workforce housing asset and drive long-term value creation.