Prime West and Columnar Investments secured $73 million in construction financing from Bank OZK for Traer Creek Apartments, a 242-unit class A podium multi-housing development in Avon, Colo.
JLL represented the borrower in the transaction.
With construction scheduled to finish in 2026, Traer Creek Apartments will feature a distinctive four-over-one design that combines type V wood-frame construction with a type I concrete podium slab. This innovative approach allows for structured parking while offering unparalleled quality relative to other multifamily communities in Vail Valley. The studio and one-, two- and three-bedroom apartments will showcase upmarket finishes, central air conditioning and mountain views. Residents will also enjoy a state-of-the-art fitness center, movement center and outdoor spa. Amid its four-story, three-building layout, this development boasts ample open green areas and 9,200 square feet of communal facilities, ensuring a truly exceptional li
