Confluence at Three Springs

Confluence at Three Springs

Project Description

Confluence at three springs is a 171-unit class “A” stabilized multifamily residential complex located in Durango, Colorado. The Property benefits from exceptional in place cash flow in a supply constrained, high growth and high barrier to entry market. Having opened in 2016 and 2018 (two phases), this acquisition was a rare opportunity to acquire a newly constructed and stabilized multifamily community below replacement cost, avoiding both construction and lease-up risk.