Blue Field Capital

We are excited to announce our recent acquisition of The Lofts on Broadway, a 144-unit multifamily property located in Idaho Falls, Idaho.

Over three years ago, Blue Field started a monthly newsletter aimed at providing our investors and interested parties with interesting insights into the commercial real estate market, key economic data, and company news. If you're interested in subscribing to our newsletter, use the link below to sign up. https://lnkd.in/gVwwAcbf Brian Karren Justin VandenAkker Nate Adamson Karl Israelsen Garrett LaBar Spencer Thomas Jacob Kumferman Zain Jaffer

We are currently seeking an intern to join our acquisition team this summer. If you are aware of any individuals who may have some interest, please tag or refer them!

Another closing in Columbia, Missouri! We are excited to announce that we?closed on the sale of Falls of Columbia in Columbia, MO. We acquired Falls of Columbia in 2020. The deal was a huge success, and we are grateful for the trust and partnership of our investors. Like Cross Creek Villas, we acquired Falls of Columbia at an above-market cap rate at a price well below replacement cost. We successfully repositioned the property from student housing to conventional housing to take advantage of the undersupplied conventional market in Columbia, MO. Dominic Martinez,?Parker Stewart,?Alex Malzone, and the entire?Northmarq?team did a phenomenal job managing the sales process, delivering on expectations, and facilitating a smooth and easy experience for all parties.

We are excited to announce that we?closed on the sale of Cross Creek Villas in Columbia, MO. We acquired Cross Creek Villas in 2020 and successfully executed our business plan over the past few years. The deal was a huge success, and we are grateful for the trust and partnership of our investors. Here are a few highlights about the deal: Strategic Acquisition in Challenging Times: In late 2020, amidst the challenges posed by the COVID-19 pandemic, we made the strategic decision to acquire a student housing asset when the student housing market was depressed. When universities shut down campuses in March 2020, lenders adopted a very ‘risk-off’ view towards student housing, which made financing a challenge. Acquired at an Above-Market Cap Rate: Despite market conditions, we acquired Cross Creek Villas at an above-market cap rate at a price significantly below replacement cost. Repositioning: We executed a successful repositioning strategy for the property, transitioning it from student housing to conventional housing, and took advantage of the undersupplied conventional market in Columbia, Missouri. Dominic Martinez, Parker Stewart, Alex Malzone, and the entire Northmarq team did a phenomenal job managing the sales process, delivering on expectations, and facilitating a smooth and easy experience for all parties.

Congrats to Brad M., Tyler Miles and Brett Jones of AIM Development Company and their partners at Blue Field Capital for the closing of another great rental townhome development site in St. George. AIM plans to deliver 55 BTR townhome units in a project that will be called VALO at Desert Haven, with the first units delivering in spring of 2024. We are continuing to see resiliency & high tenant demand in the build-to-rent townhome/SFH space and VALO will provide a much needed BTR housing option in the fast-growing St George market. Mark Jensen Darren Nielsen Mark Numbers Luke Mata Rachel Smith Jared Whipple Kathryn Brower #nielsenjensenteam #utah #cre #stgeorge #townhomes #btr #development #multifamily

We are excited to announce that Garrett LaBar is joining the Blue Field Capital team as a Partner. Garrett will help lead the acquisition efforts for the Blue Field team. Garrett brings a wealth of expertise and a proven track record in the field, making this a significant and exciting addition to our team. Join us in welcoming Garrett to the Blue Field Capital family!