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387 AMBROSE STREET | ERIE, CO 80516
THE COTTAGES AT ERIE COMMONS - JV Equity
JV Equity placement:
• 151-home luxury SFR/BFR community
• Centrally located in Boulder County – approx. 30
minutes from downtown Boulder & downtown
• Located across the street from a brand-new
recreational center, community park, ball fields,
Erie Commons features:
• Detached homes
• Primarily 3BDRM floorplans
• Direct access one and two car garages
• Fenced-in front yards facing green courts
Berkadia, as the exclusive advisor, has been engaged to source joint venture equity for the purchase of the single-family-rental (SFR) community, Erie Commons, in Erie, Colorado.
Erie Commons will consist of 151-detached, single family rentals in Boulder County, Colorado. The sponsor, Urban Cottages, will be purchasing the homes at Certificate of Occupancy direct from the builder in fifteen-unit increments on a rolling delivery schedule.
This phased takedown will allow the Sponsor to stabilize the community in phases.
Ease of Access to Major Employment Centers
Erie, Colorado is a thriving town located in both Boulder & Weld County with a lot to offer to both residents and businesses. The town has experienced significant growth in recent years and has become a popular choice for families and professionals seeking a high-quality living experience.
Erie has a population of around 30,000 residents, with a median age of 36 years old. The town has a diverse population, with over 20% of its residents identifying as Hispanic or Latino. The median household income in Erie is around $110,000, which is nearly 60% higher than the national average and 40% higher than the Colorado average. The town is located near major employment centers in the Denver metropolitan area, with easy access to both Denver and Boulder. Top employers in the area include Ball Corporation, Oracle, Google, UCHealth, and Children's Hospital Colorado. The town has also experienced significant business growth in recent years, with new businesses and employment opportunities emerging all the time. Erie is also conveniently located near two major airports, Denver International Airport (28 miles) and Rocky Mountain Metropolitan Airport (25 miles), providing easy access to domestic and international travel.
Premium Finishes and Design
Erie Commons’ private homes with personal balconies, front yards, and an abundance of natural light come equipped with top-of-the-line finishes. Each home has wood-style plank flooring, stainless steel appliances, designer cabinetry, and granite countertops. Nearly every home has its own two-car garage, and the second/third story provides an element of privacy and space for each resident of every household. Within each unit, residents will find a washer and dryer, high ceilings, spacious closets, and spacious master bathrooms with double vanities. Amber Creek’s high-quality finishes, modern designs, and spacious floorplans boast a luxury lifestyle for all the community’s residents.
BFR/Single Family Detached Homes
202.596 square feet
12.4 homes per acre
Gross Leasable Area
LVT & Carpet
Individual Hot Water Heater (Electric)
Individual Furnace (Electric)
387 Ambrose St. | Erie, CO 80516
THE COTTAGES AT ERIE COMMONS
Individually Metered (United Power)
Individually Metered (Xcel)
Individually Metered (Town of Erie Water)
$350 (1pet), $500 (2 pets)
Pet Fee (one-time fee)
1 Attached 2-Car Garage/Unit
Utility Billing Structure
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.
© 2023 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 Tax Credit Syndication group. For state licensing details for the above entities, visit: https://www.berkadia.com/licensing/.
1331 17th Street
Denver, CO 80202
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Proximity to World Class Recreation
Colorado is one of the great outdoor meccas of the world with thousands of miles of hiking and biking trails, first-class ski resorts, golf courses, and scenic rivers and lakes perfect for fishing, boating, and rafting. The Rocky Mountains are less than 30-minutes from the Erie Commons community; however, just outside the back door of Erie Commons, residents can find premier access to Erie Community Park with unparalleled amenities such as the skate park, pump track, sledding hill, and climbing obstacles, backdropped by the Rockies. The Erie Commons community hosts its own pocket parks central to the community where residents can spend time with family. Erie Singletrack trails, Reliance Park, Longs Peak Park, and Thomas Reservoir Park are all within 2-miles of Erie Commons, providing extraordinary regional outdoor amenities to residents.
Convenient to Neighboring Retail and Entertainment
Erie Commons is located in close proximity to a variety of retail and entertainment options, making it a convenient and enjoyable place to live or visit. Old Town Lafayette: This vibrant downtown area is located just a few miles from Erie Commons and features a variety of shops, restaurants, and community events throughout the year, including a weekly farmers market. The Orchard Town Center: This large outdoor shopping center features a wide variety of shops, restaurants, and entertainment options, including a movie theater, fitness center, and indoor skydiving facility. Flatiron Crossing: This indoor shopping mall is located in nearby Broomfield, Colorado, and features a variety of stores, restaurants, and entertainment options, including a movie theater, ice rink, and children's play area. Downtown Louisville: This charming historic district is located just a few miles from Erie Commons and features a variety of shops, restaurants, and cultural attractions, including art galleries, museums, and theaters.