Originally built as a luxury condominium development, the project’s direction shifted when the post-2008 housing market downturn led to a slowdown in condo sales. In response, the developer completed construction in 2010 and converted the remaining units to rentals. Driven by St. Louis’ strong multifamily fundamentals, by 2019, the developer repurchased previously sold condominiums, converting the entire community to 100% multifamily. Today, The Boulders at Katy Trail presents investors with a rare chance to acquire a true Class A multifamily community in an exceptional, high-growth locale.

The Boulders at Katy Trail offers 314 luxury apartment homes with an average size of 1,009 square feet, showcasing institutional quality construction developed in two phases: Phase I, consists of 240 units built in 2003, and Phase II includes 74 units completed in 2010. Residents enjoy an impressive array of top-tier amenities, including indoor and outdoor resort-style pools, scenic lakes and water features, a pickleball court, 24-hour fitness and business centers, a dog park, billiards room, attached and detached garages, and car detailing center. Apartment interiors feature designer kitchens with 42-inch cabinetry, 9-foot ceilings with elegant crown molding, granite countertops, private decks or patios, and select units offering fireplaces and coffered ceilings.

The asset has been owned and self-managed by the original developer providing a unique opportunity for a sophisticated investor to unlock operational upside through targeted upgrades and amenity enhancements. With St. Charles County’s continued population growth, strong school districts, and superior quality of life, The Boulders at Katy Trail is well-positioned to deliver durable long-term performance and attractive risk-adjusted returns.