CBRE National Senior Housing acted as the exclusive advisor on the sale and debt placement of 55 Resort at Water Valley, a 120-unit active-adult community in Windsor, Colorado, just north of Denver. John Sweeny and Aron Will represented the seller, while Will and Adam Mincberg originated a 10-year fixed-rate loan through CBRE’s Fannie Mae DUS Lending Platform on behalf of the Chicago-based private equity buyer.
Built in 2019, the community is highly-amenitized and set on a 5.9-acre site. Being rebranded as Eagle’s Peak at Water Valley, it sits within a larger master-planned community, Water Valley, which comprises 1,800 single-family and multi-family residential units, as well as extensive community trails, five lakes, golf courses, tennis courts and pickleball courts.
The buyer was Green Courte Partners, LLC’s sixth investment fund, Green Courte Real Estate Partners VI and its affiliates. The firm has active investments in the active adult, independent living, land-lease communities, industrial outdoor storage and near-airport parking sectors. Its goal is to invest in high-quality real estate assets that will generate attractive risk-adjusted returns over a long-term holding period. GCP is committed to acquiring communities similar to Eagle’s Peak as it grows its active adult portfolio.
This acquisition expands GCP’s national active adult and independent living portfolio to 21 communities with approximately 3,300 units. GCP’s wholly owned seniors housing operating company, True Connection Communities, operates GCP’s entire seniors housing portfolio, which spans 12 states.
