Investment Overview

Register to bid and access due diligence documents on RealINSIGHT Marketplace: https://rimarketplace.com/auction/3182 Fairways at Hunter’s Run is a 108-unit, Class B garden-style apartment community built in 2015 and spread across eight three-story buildings on a 9.96-acre site in Watford City, North Dakota. The property offers a diversified unit mix spanning studios through three-bedroom floor plans, with an average unit size of 834 square feet. In-unit washer/dryer, air conditioning, private balconies or patios, and contemporary kitchen finishes are standard across the community. The asset provides a 2.0 parking ratio, including 160 covered spaces and 54 one-car garages, and site amenities include 24-hour access, community-wide Wi-Fi, and elevator service. Watford City serves as the county seat of McKenzie County and sits at the heart of the Williston Basin, the most productive oil-producing region in the United States. The property has direct access to State Highway 23, which runs within 0.16 miles of the site, and 4th Avenue North carries 10,667 AADT within 0.35 miles. The broader DMA (Minot-Bismarck-Dickinson/Williston) connects the asset to North Dakota’s major regional centers. The three-mile trade area supports a median household income of $89,022 and projects household growth of 11.71% between 2025 and 2030, underpinned by a concentrated workforce population tied to regional energy operations. Purpose-built in 2015, Fairways at Hunter’s Run represents one of the newest purpose-built, feature-complete multifamily assets in the Watford City submarket. The property’s diversified unit mix, above-average parking supply, and modern construction provide a stable foundation for continued income generation in a market with limited newer supply. The Williston Basin’s ongoing energy sector activity continues to sustain demand for quality workforce housing, and the submarket’s constrained development pipeline reinforces the competitive position of this well-located, institutionally maintained community.