DENVER – Transwestern announces its National Student Housing team brokered the disposition of University Flats, a 262-bed student housing community at 1758 6th Avenue in Greeley, Colorado. Transwestern Senior Managing Directors Mike McGaughy, CCIM, and Jon Kleinberg, and Vice President John Blackshire executed the transaction on behalf of the seller via the RI Marketplace commercial real estate auction platform. 1758 6th Avenue, LLC purchased the property for $16,474,500 or $62,879 per bed.
At the time of sale, University Flats was 97% occupied and 84% pre-leased for the 2026/2027 academic year, presenting a compelling investment with an attractive basis well below market replacement cost. With only one purpose-built competitor, no comparable new supply, and extensive recent capital improvements, the property offers new ownership durable income and long-term growth potential.
Serving University of Northern Colorado (UNC) students, University Flats is ideally located three blocks from campus and is surrounded by a robust amenity base, including national retailers and grocery and convenience stores. UNC benefits from stable enrollment and limited on-campus housing, supporting consistent off-campus demand. In 2025, the school enrolled more than 8,800 students and contributed over $500M to the local economy.
An image of the property is available for download here.
About Transwestern
Transwestern is a vertically integrated commercial real estate firm dedicated to serving investors, partners and clients through expertise in investment, development, brokerage and property management. We own, lease and operate $64 billion1 in assets. Our experience spans diverse property types, including logistics, multifamily, retail, mixed-use, healthcare, office, data centers, hotel, and life sciences. Across 35 offices nationwide, our team is united by a culture that cultivates agility, mutual trust and high performance. Learn more at transwestern.com.
1Includes the Transwestern organization and RAUM as of April 1, 2026.
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