Investment Overview

MARCUS & MILLICHAP IS PLEASED TO EXCLUSIVELY PRESENT REGAL APARTMENTS — A 22-UNIT, 32-BED STUDENT HOUSING ASSET LOCATED AT 2036 CANYON BOULEVARD IN BOULDER’S GOSS-GROVE SUBMARKET. WITH MID-CENTURY MODERN ARCHITECTURE, TWO-STORY TOWNHOUSE UNITS, FOUR DISTINCT BEDROOM TYPES, AND TWO DEDICATED PARKING LOTS, REGAL OFFERS A DIFFERENTIATED ACQUISITION OPPORTUNITY AT THE LOWEST ABSOLUTE ENTRY POINT AMONG THE THREE GOSS-GROVE OFFERINGS. Regal occupies a premier Canyon Boulevard address between CU Boulder and Downtown Boulder, giving residents a direct connection to campus, Pearl Street, Boulder Creek, and the city’s broader employment and cultural destinations. Canyon Boulevard is one of Boulder’s primary east-west arterials — the property benefits from transit access, dedicated bike lane infrastructure, and a level of visibility that most residential assets in the submarket do not have. What sets Regal apart from conventional Boulder apartment inventory is the physical product. Eight studios, eight one-bedrooms, two townhouse-style two-bedrooms, and four three-bedroom two-story townhouse apartments. That layout diversity captures demand across the full spectrum of Boulder’s rental market — from solo graduate students to roommate groups seeking shared living. The townhouse units are Regal’s signature: a product type that is virtually nonexistent in Boulder’s rental inventory, offering multi-level living with a residential feel that no traditional walk-up apartment can match. Designed in 1972 by Easton Grabow and Associates, the building’s Mid-Century Modern character gives it an architectural identity in a submarket dominated by undistinguished garden-style construction. Current rents are meaningfully below market across every unit type — the result of more than four decades of family ownership. Combined with two dedicated surface parking lots — an increasingly scarce amenity in central Boulder — Regal offers a combination of product scarcity, location quality, and pricing inefficiency that is extraordinarily difficult to assemble at any price, let alone at the lowest basis in the Goss-Grove portfolio.