Patterson Arranges Financing from EB5 Capital For Multifamily Development in Avon, Colorado

Patterson Real Estate Advisory Group is excited to announce Prime West and Columnar’s closing of preferred equity financing for Traer Creek Apartments, a 242-unit, Class A, podium multifamily development located in Avon, Colorado (Vail Valley). Patterson arranged $73.6 million of preferred equity financing for the project from EB5 Capital.

“Prime West has a 40-year track record of successfully developing projects across the Front Range, and we’re thrilled to begin our first multifamily development in the Vail Valley. Avon and the broader Vail Valley urgently need more multifamily housing, and we are proud to be able to deliver 242 much-needed units in partnership with Columnar Commercial,” said Jim Neenan, CEO of Prime West.

Matthew Omundson, Managing Director and COO of Columnar Commercial, commented, “We are thrilled to be a part of this truly unique development, in an irreplaceable location. This project would not have been possible without the creativity of Barry Olson and the entire team at Patterson.”

PRESS RELEASE