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12/17/25
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The Milestone Group closed on a large multifamily buy in Colorado, acquiring Bucking Horse Apartments, a 322-unit luxury community in Fort Collins. Although a price was not given out, an industry source estimated the deal to have a value around $100 mil, which would work out to about $310k/unit.
Built in 2018, Bucking Horse Apartments is a 22-building, garden-style community featuring one-, two- and three-bedroom floorplans averaging more than 1k sf. Residences offer 10’–12’ ceilings, oversized windows, stainless steel appliances, modern cabinetry and full-size washers and dryers. The community’s robust amenity offering is anchored by the Ranch House clubhouse, which provides resident workspaces and lounge areas, a private movie theater, a resort-style pool and year-round hot tub and a 24-hour fitness center.
The property is located at 2274 Yearling Dr, within the 160-acre Bucking Horse master-planned community, one of Fort Collins’ most desirable residential enclaves. Residents benefit from immediate access to the Jessup Farm Artisan Village, featuring local restaurants, shops and a brewery – as well as proximity to major employment hubs including the Harmony Business Corridor, downtown Fort Collins and Colorado State University.
Courtney Crowder and Jack Kachadurian with Newmark represented the seller, an affiliate of Equus Capital Partners, in the sale transaction. Charlie Williams, also with Newmark, secured the financing on behalf of the buyer.
“The offering generated a highly competitive bidding process, driven by Bucking Horse’s exceptional performance and the strength of the Fort Collins market,” said Crowder. “Investors were particularly drawn to the community’s differentiated product type – large floorplans, a unique residential mix and best-in-class construction – all of which position the asset to continue outperforming for years to come.”
According to Newmark Research, Fort Collins continues to rank among Colorado’s strongest multifamily markets, defined by long-term vacancy below 5%, record recent absorption and population growth outpacing both state and national levels. Located in the outperforming Fort Collins North submarket, Bucking Horse has maintained robust rent growth momentum and resilient occupancy, averaging just 4.8% vacancy since 2022 – further demonstrating the depth and durability of demand for high-quality housing in the area.
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