COBALT PARTNERS TO DEVELOP LUXURY TOWNHOME COMPLEX

MOUNTAIN VILLAGE, COLO. — Cobalt Partners Ltd. is developing a luxury residential complex in Mountain Village, a 2,100-acre world-class, European-style resort and residential community located on Telluride Mountain. The project consists of two buildings built over an underground parking garage. The buildings will feature 21 luxury residential villa/townhome units. Community amenities include hot tubs, a fitness center, a club/game room, a wine storage/tasting room, two elevators, heated walkways, heated balconies, ski lockers with heated glove and boot facilities and an outdoor, wood-burning fireplace. Realty Capital Partners formed RCP Elkstone Telluride Ltd. to provide equity for the development.