Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
© 2024 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.
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QUICK STATS
$2,213/$2.12
Market Rent
79,520
RENTABLE AREA
2023
YOC
72
UNITS
Investment highlights
Well performing LIHTC asset operating with an occupancy rate of nearly 96%
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Gillette is known as the “Energy Capital of the Nation” and is centrally located in an area involved in the development of vast quantities of American coal, oil, and methane gas
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Gillete is a high-growth market with a projected population growth of 8.2% within 1 mile of the property between 2024-2029
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Gillette has a Cost of Living Index Score of 98.2 compared to 100.0 nationally
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96%
OCCUPIED
xxx
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GALLERY
GALLERY
2008
Placed in Service
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826 N. Gurley Ave. - Gillette, WY 82716
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PROPERTY OVERVIEW
Elm Court Apartments is a 72-unit affordable housing community located in Gillette, WY. The property is minutes from outdoor recreation, grocers, schools, and shopping venues, including Walmart and The Home Depot.
The property was built and placed in service in 2008 under the Section 42 Low-Income Housing Tax Credit (LIHTC) program. There is an existing regulatory agreement in place which requires 71 units to be rented to income qualifying residents earning no more than 30% & 60% of the Area Median Income (AMI) limits, which are provided by the Wyoming Community Development Authority. The remaining unit is to be set-aside as a Manager’s Unit.
Elm Court Apartments offers one, two, and three bedroom apartment homes featuring air conditioning, a patio or balcony, a fully equipped kitchen, walk-in closets, a washer/dryer, and extra storage space. Community amenities include a clubhouse, bbq/grilling area, on-site laundry facilities, a picnic area, and playground.
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Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.
© 2025 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit: https://www.berkadia.com/licensing/.
1 Post St. Suite 1000 San Francisco, CA 94104
San francisco OFFICE
601 Union St. Suite 3909 Seattle, WA 98101
SEATTLE OFFICE
Director
Affordable Housing
MT License #89005 425.761.1640 mike.terry@berkadia.com
Mike Terry
Director Multifamily 303.689.8320 nate.moyer@berkadia.com
CO License #FA.100077890
nate moyer
Senior Director
Affordable Housing
WA License #22019732 425.999.1152 adam.tomberg@berkadia.com
ADAM TOMBERG
Managing Director
504.322.1196
chris.crump@berkadia.com
CHRIS CRUMP
Associate Director 817.821.9559 jack.leonhard@berkadia.com
Jack Leonhard
The Opportunity
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Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
© 2024 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.
Managing Director
Multifamily 415.310.0487 scott.macdonald@berkadia.com
CA DRE #01422005
Scott MacDonald
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Senior LIHTC Property built in 2011 containing 90 units located in the 8-story building along with 10 three-bedroom townhome units
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Well located asset just under 7 miles from downtown Miami, as well as the Miami International Airport
Senior Managing Director
214.360.3849
tim.leonhard@berkadia.com
TIM LEONHARD
ERES Companies WY License #12324 303.880.0108 tom.bradley@erescompanies
Tom Bradley
Director of Operations Affordable Housing CA License #02251798 208.296.2073 jordan.baird@berkadia.com
Jordan Baird
INVESTMENT SALES
Director of Operations Affordable Housing CA License #02251798 208.296.2073 jordan.baird@berkadia.com
Jordan Baird
ERES Companies WY License #12324 303.880.0108 tom.bradley@erescompanies
Tom Bradley
in cooperation with
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