93-Unit Student Multifamily Property Sold in Bankruptcy Auction
Greeley, CO Student Housing Property Sold for $17,962,880
(Greeley, CO – April 4, 2025) – Colliers Denver, in partnership with Colliers Phoenix, announced on April 1, 2025 that escrow closed on the sale of University Flats Phase I, a 93-unit (262 bed), student multifamily community, located at 1750 6th Avenue, in Greeley, CO. The two firms exclusively listed and marketed the property during a robust bankruptcy auction and sale process under the supervision of the appointed chapter 11 trustee, Bryan Perkinson, and his counsel, Matthew Faga of Markus Williams Young and Hunsicker, LLC.
The community, built in 2014, features a pool, clubhouse and work out facility. It is located across the street from the University of Northern Colorado’s athletic fields, walking distance to campus and Greeley’s downtown retail area.
Craig Stack of Colliers Denver stated, “Well located multifamily assets continue to attract significant interest from the investment community and we had multiple interested bidders.”
Brad Cooke of Colliers Phoenix added, “Buyers were attracted to the rare opportunity to acquire a newer vintage property below replacement cost with significant upside in operations.”
The Trustee’s sale of substantially all property of Greeley Flats DST was approved in chapter 11 case No 24-11573-KHT by the U.S. Bankruptcy Court for the District of Colorado.
About Colliers
Colliers International Group Inc. is a Canada-based diversified professional services and investment management company with approximately 18,000 employees in more than 400 offices in 65 countries. The firm provides services to commercial real estate users, owners, investors and developers; they include consulting, corporate facilities, investment services, landlord and tenant representation, project management, urban planning, property and asset management, and valuation and advisory services. The organization serves the hotel, industrial, mixed-use, office, retail and residential property sectors.
For more information, please contact:
Brad Cooke
480-748-7648
brad.cooke@colliers.com
Bill Morkes
303-351-1371
bill.morkes@colliers.com
Craig Stack
720-833-4602
craig.stack@colliers.com
