Strategic Opportunity Analysis and Product Program Recommendations for a Multi-Family Development – Boulder, Colorado

The Concord Group was engaged by a private multi-family developer/operator to evaluate the development opportunity of a large infill property outside Boulder, Colorado.  As the site is located in a bedroom community with few upscale residential options, strategic intelligence was needed to assess the optimal scale, program, mix and positioning of the planned community, as well as the development timing best suited to maximize opportunities while minimizing exposure.

At the time of the analysis, the local economy had just begun to recover from a three-year recessionary period.  The apartment market was tightening, with vacancies hovering under 8% and market analytics, The Concord Group provided product program recommendations that increased pro-forma assumptions 4%.

The results of the analysis positioned the client to take advantage of improving market conditions and previously untapped sources of apartment demand.

The Concord Group has completed more than 40 similar multifamily analyses across the United States this year, representing more than 11,000 units and $4.0B of capitalized value.