Quannah/Graystoke Re-Capitalize 165-Unit Townhouse Community in Helena, MT

Helena, MT – Quannah Partners(“Quannah”), with Co-GP partner Graystoke Capital Partners (“Graystoke”), is pleased to announce the successful re-capitalization of Elkhorn Flats, a 165-unit for-rent townhouse community built in 2019 and located in Helena, Montana. Quannah and Graystoke sold 50% of their interests in the property to a prominent Colorado-based family office. Quannah and Graystoke are excited to welcome another family office as a partner in its business.

 

 

Quannah’s new investor was attracted to the opportunity because of the strength of the Helena market, the exceptional performance of the property, and the assumable long-term fixed-rate debt. When the property was acquired in 2021, the partnership secured a 15-year agency loan fixed at 3.67% and 10 years of interest-only payments. With the additional equity investment and long-term debt financing in place, Elkhorn Flats is well-positioned to further elevate the resident experience and ensure the community remains a desirable option for Helena residents.

 

"We are excited to work with our new strategic partner and pleased to have provided a favorable outcome for our existing investors," said Bobby Ghiselli with Quannah. "This type of unique situation doesn’t always present itself, so we are thrilled that it was a “win-win” for all involved.”

 

 

About Quannah Partners

 

Quannah Partners is a private equity commercial real estate investment firm headquartered in Denver, Colorado. Quannah’s senior management
team has over 50 years of experience as principal investors in value-add and opportunistic acquisitions and developments and has been responsible for investing $4.0 billion of capital in commercial real estate across all property types. For more information, visit www.quannahpartners.com.