Fort Collins Mobile Home Park Sold For $44 Million – Loveland Reporter-Herald

A New Jersey real estate investment firm has purchased the Poudre Valley Mobile Home Park at 2025 N. College Ave. in Fort Collins.

The approximately 39-acre lot with 344 units is located just west of US 287 at the intersection with Terry Lake Road.

The property sold for $44 million, according to Larimer County real estate records.

The buyer was a new entity called LGC Poudre Valley LLC, incorporated on January 4, 2022. The Colorado Secretary of State’s address is listed as his DGIM Real Estate, 7 Giralda Farms, Madison, New Jersey. Zachary Jacobson of Boston, Massachusetts is listed as a registered agent.

According to property records, the property’s seller was a group of owners that included Berril LLC, Bernie Roland Trust, Ted L. Roland Trust, Finkelstein Trust and Pabia LLC.

The deal included several recent deals, including the 200-unit Hickory Village mobile home park in Fort Collins, which sold for $23.3 million in October 2021, and the 391-unit Cloverleaf mobile home community in Mulberry. It’s the latest among several mobile home parks sold in the month. Fort Collins, sold for $47.1 million in March 2021, and Longmont’s 139-unit St. Blaine Village Mobile Home Park, sold for $20.35 million in February 2021.

This article was first published by BizWest, an independent news organization, and is published under license. © 2022 BizWest Media LLC.

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