Brickstone Partners Acquire 288-Unit Landmark and Stone Creek Apartment Communities Adjacent to Colorado State University

FORT COLLINS, CO – Brickstone Partners, a full-service real estate investment and development firm located in Nashville, Tenn., announced the $81 million acquisition and renovation of 288 units comprised of the Landmark and Stone Creek apartment communities adjacent to Colorado State University.
Brickstone will embark on a comprehensive upgrade of the properties, which combined feature 288 apartment homes. The upgrades will modernize the 1986-built units and include new flooring, modern kitchen and bathroom cabinets, quartz countertops, stainless steel appliances, upgraded doors, new lighting and plumbing fixtures, exterior landscaping, common-area improvements and clubhouse finishes.
“We are excited to add these assets to our extensive Colorado student housing portfolio. The communities are some of the best located student housing near CSU and we welcome the opportunity to upgrade these communities to better fit the active, energetic lifestyle of the neighborhood,” said Daniel Otis, founder and principal at Brickstone Partners. “Fort Collins has been featured as one of the best places to live in the country in numerous national publications for a reason – it’s an incredible place to live and to attend college. CSU continues to make strategic macro investments in their student body and campus. This strong continued investment has made notable growth both for the college and the community.”
Landmark and Stone Creek are just minutes from campus and provide quick access to numerous dining, shopping and entertainment destinations. Among the nearby well loved attractions are Canvas Stadium, home to the CSU Rams football team; North Campus West retail district; and the $313 million Foothills Mall anchored by H&M and Nordstrom Rack.
The communities are highly amenitized and include heated saltwater pools, club-quality fitness centers, dog parks and numerous outdoor spaces.
“When our renovations are complete, Landmark and Stone Creek will offer a premier living experience that exceeds the expectations of our residents,” Otis said. “This investment is a continuation of our core investment philosophy: To invest in opportunities that have asymmetric risk and reward, whereby, generating opportunistic yields with less risk than normal.”
Brickstone’s acquisition of the two communities comes on the heels of the company’s completion of LakeHaus, a $115 million, 200-unit luxury multifamily development in Minneapolis, Minn., and The Lodge, a 371-bed student housing value-add acquisition in Boulder, Colo., near the University of Colorado. Brickstone is one of the largest student housing operators in Boulder, Colo.

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Wood Partners Announces Grand Opening of 203-Unit Alta Upland Luxury Residential Community in Southern California Market

UPLAND, CA – Wood Partners, a national leader in multi-family real estate development, announced the grand opening of its newest luxury residential community – Alta Upland – in Upland, California.
Alta Upland features best-in-class amenities and finishes that will provide a class A living experience, setting the community apart in the high-demand market. The community’s 203 units include a mix of one-, two- and three-bedroom floor plans with open-concept designs. The apartment homes feature two color schemes to choose from, modern kitchen cabinetry and backsplashes, stainless steel appliances, in-home washer and dryers, and expansive closets.
The community offers residents a range of amenities to maximize southern California’s indoor/outdoor lifestyle. Outside amenities include a resort-style pool and spa, an outdoor lounge with a fire pit and a BBQ, an outdoor game zone, a dog park, and walking and hiking trails that surround the property. Indoor amenities include an expansive clubhouse with lounge seating and entertainment areas, a fitness and yoga studio, and a business center.
“Upland and the greater Inland Empire have been experiencing continuous growth over the past several years, and we are excited to be a part of that expansion,” said Joe Gambill, Managing Director for Wood Partners in Southern California.
Located at 1160 East 19th Street, Alta Upland will provide unobstructed mountain and valley views, and brilliant walkability to retail, shopping, dining, open spaces and trails. The community is adjacent to The Colonies Crossroads, a well loved retail development featuring a range of retail and dining destinations.
The community offers simple access to well loved outdoor recreation opportunities; Upland Trails and the Valley View Trailhead are located directly behind the property and Claremont Hills Wilderness Park is a 15-minute drive. The Marshall Canyon Golf Course and the California Botanic Garden are also nearby.
Alta Upland will also offer residents a small commute to numerous high-caliber career opportunities, as the Inland Empire has been experiencing substantial growth in the industrial, logistics, and medical industries. The Upland submarket also offers desirable schools and the Metrolink, which provides connectivity to the greater Los Angeles area.

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Bell Partners Expands South Florida Portfolio With Acquisition of 279-Unit Satori Apartment Community in Fort Lauderdale, Florida

FORT LAUDERDALE, FL – Bell Partners Inc., one of the nation’s leading apartment investment and management companies, has bought Satori Apartments, a 279-unit apartment community located in Fort Lauderdale, Fla. The property, bought on behalf of the firm’s Fund VII investors, will be renamed Bell Sunrise.
Built in 2010, Bell Sunrise is located within two miles of the Atlantic Ocean and offers residents convenient access to work and leisure. The employment corridor connecting downtown Fort Lauderdale, Cypress Creek, Sunrise, Plantation, Hollywood, Miramar and Boca Raton supports over 46,000 jobs at major employers including American Express, Motorola Solutions and Fox Sports. For time outside of work, Bell Sunrise is situated across the street from Holiday Park, which has tennis and basketball courts, a dog park, pickleball courts, a playground and a recreation center. The community is also close to a cluster of local boutiques, restaurants, fine arts, recreation and entertainment options in Downtown Fort Lauderdale and Flagler Village.
“Bell Sunrise deepens our portfolio in the South Florida market, which has been a major beneficiary of the job and population migration trends that have accelerated in the past 12 months,” said Nickolay Bochilo, EVP of Investments at Bell Partners. “Favorable housing demand drivers in the area, coupled with an opportunity to enhance the physical features of the community, make this investment an attractive fit for our value-add Fund. Our team plans to perform common area and unit interior upgrades to enhance resident experience with features that enable flexible and remote work.”
Bell Sunrise’s community amenities include a clubhouse with a gathering area and kitchen, 24/7 fitness center and aerobics room, two steam rooms and dry saunas, an infinity edge pool with private cabanas, a meditation garden, spa and treatment rooms, onsite retail and dining, a dog park and a business center. Each unit has walk-in closets; master bathrooms with double sinks, large soaker tubs, and walk-in showers; oversized bedrooms; expansive living areas with additional office space; as well as large private balconies. Bell Partners closely follows guidelines from local, state and federal health authorities regarding the operation and cleanliness of community amenities.

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