T H E I N V E S T O R

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Melinda Gilbert
5 years ago
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T H E I N V E S T O R F O U R T H Q U A R T E R 2 0 1 2 SPECIALIZING IN APARTMENT BROKERAGE T H I S I S S U E T O R E N T O R T O O W N I S I T R E A L L Y A Q U E S T I O N?

1 2 S A L E S R E C A P 3 R A M P A R T R E - A L T Y S A L E S 4 N E W L I S T I N G S 5 R E C E N T S A L E S S U M M A R Y FOR A LIST OF AVAILABLE PROPERTIES, VISIT 6 WWW.RAMPARTREALTY.

1 T H E I N V E S T O R F O U R T H Q U A R T E R SPECIALIZING IN APARTMENT BROKERAGE T H I S I S S U E T O R E N T O R T O O W N I S I T R E A L L Y A Q U E S T I O N? T O R E N T O R T O O W N I S I T R E - A L L Y A Q U E S - T I O N? 1 2 S A L E S R E C A P 3 R A M P A R T R E - A L T Y S A L E S 4 N E W L I S T I N G S 5 R E C E N T S A L E S S U M M A R Y FOR A LIST OF AVAILABLE PROPERTIES, VISIT 6 Stuart Sloat and Rampart Realty, Inc. are proud members of the Apartment Association of Southern Colorado. For more inform a t i o n c a l l : (719) Is it better to buy a home or rent? An analysis released recently by real estate information provider Zillow.com finds that in most of the U.S., buying becomes a better deal than renting after only three years of residence. In many metro areas, the advantage comes much sooner. In Miami, Fort Lauderdale, and Tampa, for example, owning beats renting after 1.6 years, the study finds. Zillow determined the breakeven horizon the point at which owning becomes more financially advantageous than renting the same home--for more than 200 metro areas and 7,500 cities around the U.S. Unlike a simple purchase price-to-rent ratio, the breakeven horizon takes into account such other data as taxes, tax deductions, down payments, utilities, appreciation, maintenance, opportunity costs, and fluctuations in the rental market. Statistically this may be true. But does it take the following question into consideration: do the twenty-somethings want to buy a house? Owning a house is a major commitment. Sure, it may be more economically advantageous over the course of time. But to an up and coming generation that embraces many aspects of being footloose and fancy-free, being tied to a house is exactly the opposite of what they are looking for. Looking a little deeper into this, we need to remember that a large portion of their early adulthood has been characterized by economic gloom and doom. They have watched countless homeowners lose their houses to foreclosure so much for the American Dream... Furthermore, in a time when landing a job any job is a challenge, do they really want the geographical constriction of home ownership? (Continued on page 2)

T H E I N V E S T O R Page 2 (Continued from page 1) Despite Zillow s analysis, the current economy, job market and dynamics of the Echo-boomer generation bode very well for multi-family now, and in

2 T H E I N V E S T O R Page 2 (Continued from page 1) Despite Zillow s analysis, the current economy, job market and dynamics of the Echo-boomer generation bode very well for multi-family now, and in the foreseeable future. Home values may be good but, having the notion of responsibility end with paying rent on time suits a generation interested in leisure quite well. Besides, who wants to get up early to shovel snow out of the drive, or spend the weekend cleaning out the basement, especially when you could be doing something fun. Staggering statistics below illustrate why multi-family investments have a safe ten- ant base for a long time to come American Family Financial Statistics Data Average American family savings account balance $3,800 Percent of working Americans who are not saving for retirement 40 % Percent of American families who have no savings at all 25 % Average amount saved for retirement $35,000 Average American household debt $117,951 Average American family home value $160,000 Average amount owed on home mortgage $95,000 Average American household annual income $43,000 Average credit card debt $2,200 Percent of American workers who postponed their retirement age this year 24 % Percent surveyed who are very confident about having enough money for retirement 18 % Percent of American adults who do not have a bank account 7.7 % Percent of American adults who have an emergency fund to fall back on 38 % Source: A B O U T U S : STUART SLOAT has lived in Colorado Springs for twenty years and specializes in the brokerage of multifamily investment property. Following a successful joint venture that purchased, renovated, and leased properties, he went into real estate brokerage. This kind of personal involvement in ownership and management of numerous investment properties is just one way Stuart offers additional insight into what it takes to help clients maximize their investments when buying and selling multi-family properties. Stuart is a graduate of The Colorado College. COMPANY HISTORY: Rampart Realty, Inc., and the trade names Rampart Commercial and Rampart Appraisal, were established as a corporation under the laws of the State of Colorado in September, 1998 by John L. Dworak, Jr. CCIM and Dr. Elizabeth L. Konarski. MISSION: PERSONAL SERVICE IN A DIGITAL WORLD. Rampart Realty, Inc. is dedicated to profitably serving the real estate needs of our clients by combining professional knowledge of the real estate industry, personal service, and technological innovation.

M A R K E T U P D A T E Page 3 I N C O M I N G S O L D I E S, J O B S B O D E W E L L F O R L O C A L A P A R T M E N T I N D U D S T R Y A southern access connecting Fort Carson to Downtown Fountain

3 M A R K E T U P D A T E Page 3 I N C O M I N G S O L D I E S, J O B S B O D E W E L L F O R L O C A L A P A R T M E N T I N D U D S T R Y A southern access connecting Fort Carson to Downtown Fountain is becoming a reality this Fall when the Mountain Post opens Gate 19. Located south of the heavily used Gate 20, Gate 19 will largely serve a new combat aviation brigade. The 13th Combat Aviation Brigade will have up to 2,700 soldiers and 113 helicopters. It will supplement the 4th Infantry Division based at the post outside Colorado Springs. The additional troops this brings will balloon Fort Carson s population of soldiers to a level unseen since World War II. According to Fred Crowley, an economist with the University of Colorado at Colorado Springs, outside Fort Carson s gates the impact of the new Aviation Brigade will be huge. We ll pick up 2,100 or 2,200 civilian jobs as result of military jobs, Crowley said recently. Using an Army formula for population growth, the move could bring 7,000 people to the Pikes Peak region, including the new soldiers and their families. The helicopters and support troops will begin arriving next year and at full strength by the end of El Paso County Apartment Sales: Year to Date 2012 Property Name Address Property City Units Price Per Unit Sale Date Sale Price Year Built Sunset Creek 5400 N Nevada Ave Colorado Springs 310 $ 66, /29/2012 $ 20,480, Bonterra Lakeside 890 Quail Lake Cir Colorado Springs 156 $ 105, /6/2012 $ 16,500, Summer Grove 3802 Half Turn Rd Colorado Springs 374 $ 32, /8/2012 $ 12,200, Copper Chase Apts 2041 Southgate Rd Colorado Springs 150 $ 65, /2/2012 $ 9,750, Fillmore Ridge Apts 3210 N Chestnut St Colorado Springs 114 $ 53, /31/2012 $ 6,050, Tanglewood Apts 3803 Half Turn Rd Colorado Springs 112 $ 49, /23/2012 $ 5,560, Timberlane Apts 3985 E Bijou Ave Colorado Springs 148 $ 28, /5/2012 $ 4,200, Fireside Apts 610 N Murray Blvd Colorado Springs 108 $ 36, /21/2012 $ 3,950, Ashelyn Court Apts 4265 Galley Rd Colorado Springs 95 $ 33, /14/2012 $ 3,175, Amber Ridge Apts 3963 E Bijou St Colorado Springs 120 $ 26, /29/2012 $ 3,130, Vista Ridge 420 Royalty Pl Fountain 104 $ 25, /13/2012 $ 2,615, Bluffs West Apts N Chestnut Colorado Springs 55 $ 37, /23/2012 $ 2,050, Fountain Oaks E Fountain Colorado Springs 60 $ 33, /3/2012 $ 2,025, Uintah Park Apts 2525 E Uintah St Colorado Springs 36 $ 32, /6/2012 $ 1,176, Bell Tower Hts Colorado Springs 10 $ 110, /21/2012 $ 1,100, Woodbine Apts 2020 E Bijou St Colorado Springs 36 $ 30, /5/2012 $ 1,080, E Brookside St Colorado Springs 22 $ 45, /22/2012 $ 1,007, Red Rock Manor Apt E Fountain Pl Manitou Springs 18 $ 44, /17/2012 $ 800, Mountain View Apts 2575 E Uintah St Colorado Springs 12 $ 51, /27/2012 $ 620, Western Cabins 106 Beckers Ln Manitou Springs 12 $ 51, /1/2012 $ 615, Delaware Dr Colorado Springs 6 $ 71, /30/2012 $ 431, Via Linda Vis Manitou Springs 8 $ 45, /23/2012 $ 360, W Bijou St Colorado Springs 8 $ 42, /31/2012 $ 337, Creekside Apts 3431 W Colorado Ave Colorado Springs 9 $ 33, /20/2012 $ 300, Note: If you currently have an established brokerage relationship with a real estate broker please regard this newsletter for its informational purposes only. If you wish to have your name removed from our mailing list please contact us. To receive this newsletter electronically us at apartments@rampartrealty.com. Information contained in this newsletter is taken from sources deemed reliable, however neither Rampart Realty, Inc nor it s representatives or affiliates assume responsibility for accuracy of any information or statements made.

4 COMPLETE MARKETING PACKAGES FOR THESE PROPERTIES ARE AVAILABLE AT: AMPARTREALTY.C.COM 2640 E MONUMENT ST 8 UNITS $364, N WEBER ST 6 UNITS $299, W COLORADO AVE 4 UNITS $214, N VINE ST 4 UNITS $129, W COLORADO AVE 2 UNITS $99, W KIOWA ST 5 UNITS $324, N NEVADA AVE 9 UNITS $599,900 RIVER OAKS APARTMENTS 38 UNITS $2,100,000 THE PARKER MOTEL 14 UNITS $430,000 FOR MORE INFORMATION VISIT

SOLAR VISTA APARTMENTS 28 UNITS $1,300,000 Located in desirable Southwest Colorado Springs, this 28 unit property was constructed in 1952 and has the perfect combination of

OLD COLORADO CITY PORTFOLIO 27 UNITS (3 PROPERTIES) $1,269,700 Three Victorian apartment buildings located on the desirable West Side of Colorado Springs.

Very flexible zoning allows for multi-family, office, mixed-use and more. Properties are available as a package, or individually.

Centrally located in Colorado Springs, this property was constructed in 1965. These units could be sold as individual condos, offering substantial upside potential.

5 SOLAR VISTA APARTMENTS 28 UNITS $1,300,000 Located in desirable Southwest Colorado Springs, this 28 unit property was constructed in 1952 and has the perfect combination of mountain views, coupled with close proximity to shopping, parks, open space, public transportation, and much more. OLD COLORADO CITY PORTFOLIO 27 UNITS (3 PROPERTIES) $1,269,700 Three Victorian apartment buildings located on the desirable West Side of Colorado Springs. This 27 unit package offers a unique chance to partake in an already popular rental area at a time when the rental market shows a strong rebound. Very flexible zoning allows for multi-family, office, mixed-use and more. Properties are available as a package, or individually. PARK PLAZA CONDOMINIUMS 24 CONDOMINIUM UNITS $1,200, individual condominium units, currently under common ownership & rented as an investment property. Centrally located in Colorado Springs, this property was constructed in These units could be sold as individual condos, offering substantial upside potential. All units have separate legal descriptions & individual schedule numbers. Unit make up consists of 12 one bedroom units and 12 two bedroom units. New roof and Boiler in Gross building area - 23,034; Rentable square feet - 17,556. COMPLETE MARKETING PACKAGES FOR THESE PROPERTIES ARE AVAILABLE AT:.R.C AMPARTREALTY.C.COM

Visit us on the web at www.rampartrealty.com R A M P A R T R E A L T Y, I N C.

com Mailing Address Line 1 Mailing Address Line 2 Mailing Address Line 3 Mailing Address Line 4 Mailing Address Line 5 Specializing in Apartment Brokerage N E W & U P C O M I N G L I S T I N G S B Y

6 units $389,900 tween Old Colorado City and Manitou Springs an area attractive to long term renters.

6 Visit us on the web at R A M P A R T R E A L T Y, I N C. C. Stuart Sloat 731 North Nevada, Suite 100 Colorado Springs, CO Phone: (719) Fax: (719) apartments1031@gmail.com Mailing Address Line 1 Mailing Address Line 2 Mailing Address Line 3 Mailing Address Line 4 Mailing Address Line 5 Specializing in Apartment Brokerage N E W & U P C O M I N G L I S T I N G S B Y S T U A R T S L O A T / R A M P A R T R E A L T Y, I N C W Pikes Peak Ave. Three unit investment property is nestled be- 3 Units $164, S Santa Fe Ave. 9 Units $344, N Nevada Ave. 6 units $389,900 tween Old Colorado City and Manitou Springs an area attractive to long term renters. Strong rebounds in the multi-family market as a whole, in addition to historically low interest rates, make this an excellent value opportunity. Nine unit investment property in Downtown Fountain, Colorado. Proximity to Gate 19, opening this Fall, offers tremendous value potential. Fort Carson is receiving $723 million to build facilities for the new aviation brigade which is just minutes from the property. Six unit investment located in the heart of the Old North End. One block north of Colorado College with close proximity to Downtown & I-25 is attractive to the Downtown professional or the extremely stable FOR MORE INFORMATION, VISIT: student rental base. Excellent condition with huge double lot.

Durango. Medical Building ±15,163 SF $3,639,000 UNIQUE OPPORTUNITY SINGLE-STORY MEDICAL BUILDING FOR SALE VIRTUAL TOUR

Durango. Medical Building ±15,163 SF $3,639,000 UNIQUE OPPORTUNITY SINGLE-STORY MEDICAL BUILDING FOR SALE VIRTUAL TOUR FOR SALE 3012 S. Drive, Las Vegas, NV 89117 DO NOT DISTURB BUSINESS OPERATOR. CALL FOR DETAILS OR TO SCHEDULE A TOUR WITH BROKER. UNIQUE OPPORTUNITY SINGLE-STORY MEDICAL BUILDING ±15,163 SF $3,639,000