Trails at Timberline. Image courtesy of Walker & Dunlop

A Walker and Dunlop arranged the sale and financing of Trails at Timberline, a 314-unit Class A community in Fort Collins, Colorado, on behalf of both parties. According to Yardi Matrix, McWhinney sold the property to Benedict Canyon Actions for $110 million. Larimer County public records show Timberline trails fined $66.3 million over 10 years Freddie Mac ready.

Completed in 2014, the property comprises 11 mid-rise buildings with a mix of bachelor, one-, two-, and three-bedroom floor plans, averaging 897 square feet. A fitness center, business center, media room, spa, swimming pool, plus a rental desk and underground parking are among the amenities at the LEED Silver-certified property.

Located at 2451 S. Timberline Road on a 16-acre site, Trails at Timberline is adjacent to Parkwood East, approximately 4 miles from downtown Fort Collins and approximately 3 miles from Colorado State University. The property is within walking distance of the Foothills Shopping Center, as well as several shops, restaurants, and entertainment.

General managers Dan Woodward, Dave Potarf, Matt Barnett and Jake Young negotiated the sale on McWhinney’s behalf. Senior Managing Director Trevor Fase and Managing Director Mark Grace arranged financing for the acquisition on behalf of Benedict Canyon Equities.

According to a statement prepared by Woodward, the Fort Collins submarket continues to exhibit strong multifamily fundamentals with a historically low average vacancy rate of 4.62%.