Granite Capital Group (GCG), a Santa Barbara, Calif. real estate investment firm with multiple Colorado holdings, has finalized the sale of Enclave Rigden Farm, a 105-unit townhome community in Fort Collins, to Avanti Residential, a nationwide multifamily investor, owner, and operator, for $40,875,000.
GCG has owned the townhome community since June 2017. The property features 2-and 3-bedroom rental townhomes with direct access garages on 4.37 acres. The property is located near extensive trail networks, parks, major employers, cultural amenities and Colorado State University.
“This sale represents a successful full-cycle investment and an outcome that aligns with the strategy we presented to our investors from the outset,” says Bruce Savett, GCG founder and CEO. “At a time when many deals are struggling under the weight of optimistic underwriting, we are proud that our conservative approach and long-term discipline produced the result we set out to achieve.”
The transaction was brokered by Berkadia and closed on February 25, 2026.
“Enclave Rigden Farm is a great townhome asset in Fort Collins,“ says Robert Bratley, Berkadia managing director. “The fundamentals in Fort Collins are the strongest in the state right now. This was a very competitive process with over 30 property tours, which shows Fort Collins is high on investors’ priorities.”
“Rigden Farm was a strong-performing asset in a market we know well. We’re pleased with the outcome for our investors and appreciate Berkadia’s execution on the disposition,” says Ashley Berglund, GCG director of acquisitions.
Other GCG properties in Colorado include Enclave Vista Ridge in Erie, Kipling Commons in Arvada, and Nova West Apartments in Longmont.
