A Scottsdale-based real estate investor has shelled out about $103 million for Notch66, a 336-unit luxury apartment community in Longmont, not far from Boulder and Denver. The garden-style complex opened in 2024 and quickly filled up, making it catnip for institutional buyers. The deal marks the latest large-scale purchase in the Denver-area suburban multifamily market.
Scottsdale buyer, Colorado builder
The buyer is The Wolff Company, a Scottsdale, Ariz.-based investment and development firm. The seller was developer Thompson Thrift, which announced the closing in a Feb. 16 press release. In that announcement, Thompson Thrift said Notch66 sits on roughly 18.4 acres and was about 93% leased at the time of the sale, and noted that the transaction was brokered by CBRE. Company leaders also highlighted how quickly the project leased up.
What Notch66 brings to the table
Notch66 consists of ten three-story buildings with one-, two- and three-bedroom apartments. Homes come with quartz countertops, stainless-steel appliances, and in-unit washers and dryers, along with community perks such as a resort-style pool, clubhouse, and dog park. The leasing website for Notch66 details those features. Industry coverage notes the project wrapped construction in mid-2024 after roughly a two-year development cycle, and ConnectCRE reported on its delivery and financing.
Price tag and market signal
The purchase price, pegged at about $103 million, was reported by the Denver Business Journal, which described Notch66 as one of Longmont’s fastest lease-ups. The blend of high occupancy and fresh, high-end amenities made the property a natural target for a core-plus buyer, and outside capital continues to flow into Denver’s suburbs. Coverage in Multi-Housing News, along with regional pipeline data, underscores why investors are chasing stabilized suburban communities.
Wolff Company has not rolled out a detailed operating plan for Notch66, and Thompson Thrift did not disclose a sales price in its own announcement. Market watchers say any repositioning or rent tweaks will only come into focus once the new owner settles in. For Longmont renters, the immediate impact is likely minimal, but the sale is another clear vote of confidence in the region's rental demand.
