Tree Farm Lofts Apartments

JLL has been retained as the exclusive investment advisor in the sale of Tree Farm Lofts, a brand new 196-home luxury multi-housing community nestled along Kodiak Lake in Basalt, Colorado. Tree Farm Lofts offers an unparalleled living experience in the Roaring Fork Valley. Situated strategically along Highway 82, this premier apartment community provides residents with exceptional access to the region’s key employment and world-class recreational areas. With less than a 30-minute drive to both Aspen and Glenwood Springs, Tree Farm Lofts caters to those seeking a perfect balance between urban conveniences and the serene mountain lifestyle. The property’s location capitalizes on the growing trend of individuals desiring a “live-work-play” environment in the picturesque Colorado mountains, contributing to the explosive rent growth observed in the Colorado’s Western Slope and notably the Roaring Fork Valley.

The appeal of Tree Farm Lofts is further enhanced by the significant premium associated with home ownership in the area. In the last six months, the average home price has been nearly $1.5 million in a 3-mile radius around the property, equating to a cost to own of 2.86X more than renting at Tree Farm Lofts. The community boasts an affluent resident base with an average household income of $171 thousand, which includes 27% from the hospitality sector and 20% from the medical field. Moreover, nearby to-be-built condominium pre-sales along Kodiak Lake opposite Tree Farm Lofts are currently generating prices in the $1,250 - $1,750/sf range. This economic reality supports the growing sentiment of “renting for longer” among residents who wish to enjoy the luxuries of mountain living without the financial burden of homeownership. Additionally, the property’s proximity to the Whole Foods-anchored Willits Town Center, accessible via a convenient pedestrian underpass, ensures that residents have easy access to shopping, dining, and entertainment options just minutes away.

Tree Farm Lofts not only offers an ideal location but also boasts market-leading amenities, a robust local economy and impressive property performance with March 2025 renewal increases approaching 4%. The property features a modern clubhouse, fully equipped fitness center, and a pool deck with hot tubs offering stunning mountain views. Set against the backdrop of Eagle County’s diverse and thriving labor market, which employs almost 36,000 individuals across sectors such as healthcare, education, hospitality, and recreation, Tree Farm Lofts provides a perfect home base for professionals in various industries. This combination of luxury living, strategic location, and strong local economy positions Tree Farm Lofts as a premier residential option in the Roaring Fork Valley.