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Babcock Apartments, Bozeman, MT

Bozeman, MT

Multifamily - Construction

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Babcock Apartments, Bozeman, MT

MULTIFAMILY - CONSTRUCTION

ACRES Capital has originated a $29.2 million loan to fund the construction of Babcock Apartments, a nearly 80,000-square-foot multifamily building located in Bozeman, Montana.

The loan is provided to sponsor Roundhouse Development, a fully integrated developer and operator of multifamily housing and the largest multifamily developer in Idaho and Montana, with $1.1 billion in multifamily assets and 4,000 units under management or in its development pipeline.

Babcock Apartments will feature:
• 95 Rental Units
• High-end exterior and interior finishes
• 105 Parking Spaces
• 2,300 Square feet of ground-floor retail space
• Fitness center, tenant lounge, open space areas and individual storage units

Babcock Apartments is located just west of downtown Bozeman and approximately half a mile north of Montana State University, the largest employer in Bozeman. It sits within walkable distance to retail and entertainment establishments, restaurants, schools and public green spaces. Additionally, the Property resides within proximity to major attractions such as Yellowstone National Park and Big Sky Resort.

$29.2 million

Loan Amount

Construction Loan

Loan Product

“From the get-go, the ACRES team has been aligned with our vision to put humanity into housing and focus intently on the resident experience. This financing will allow us to utilize our local expertise to establish another successful multifamily development that will serve the Bozeman community for years to come.”

- Casey Lynch, Founder and CEO of Roundhouse

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