Aura Colliers Hill

JLL has been retained as the exclusive investment advisor in the sale of Aura Colliers Hill (“Colliers Hill”) situated within the rapidly growing submarket of Erie, CO. Completed in 2024, Colliers Hill presents the opportunity to acquire 329 luxe garden style apartment homes, embracing the finest of suburban resort-style living within one of Denver’s most dynamic and rapidly expanding locations of residences, lifestyle and recreational entertainment.

The developer’s execution of Colliers Hill flawlessly caters to their vision in delivering a premier suburban asset, with expansive modern floorplans, luxury finishes and resort quality amenities in fundamentally Denver’s strongest submarket (Erie) which has attained average occupancy in excess of 95% and rental growth of 34%, since 2018. These property level and locational characteristics pair well with the strong demographics surrounding Colliers Hill (1-mile radius), with an average household income and home price in excess of $235,000 and $784,000, respectively. Furthermore, the asset’s placement within the St. Vrain Valley School District, which consistently ranks at the top of school districts within the metro, will continue to serve as a catalyst for new high-quality tenancy at Colliers Hill while simultaneously creating a sticky existing tenant base as the growing sentiment of “renting for longer” has solidified across the metro area. 

The property’s position as the only multi-housing community within the award-winning Colliers Hill master-planned community (400 acres of natural open space, manicured parks, 15-miles of recreational trails) and proximity to all the metro’s key high-earning employment nodes (Boulder, U.S. 36 Corridor, Downtown Denver), will allow the property to continue experiencing robust rental demand in a supply constrained submarket as residents seek the coveted suburban “live-work-play” experience in affluent locations of residence. Additionally, as difficulty to develop persists across the metro, The town of Erie has recently announced that they will significantly increase Water Tap Fees and are considering an Inclusionary Housing Ordinance (IHO) that could further insulate Aura Colliers Hill from competitive new supply. These attributes combine to make Colliers Hills one of the most compelling long-term investment opportunities in the Denver metro area.