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FORT COLLINS, COLO. — Mountain View Capital has acquired the 240-unit Terra Vida apartment complex in Fort Collins for $39 million. The community is located at 3707 Precision Drive, just west of Interstate 25 near East Harmony Road.
Terra Vida is situated near Colorado State University, in addition to major employers like Agilent Technologies, HP, Intel, Poudre Valley Health Systems and Wolf Robotics. The community was 96 percent occupied at the time of sale. It was built in 2012.
The sellers, Milestone Development Group LLC and partner Les Kaplan, were represented by ARA Colorado’s Doug Andrews, Jeff Hawks, Terrance Hunt and Shane Ozment.