Property Overview
Red Hawk Crossings is a 2015-vintage, 60-unit build-to-rent (BTR) townhome community located in Castle Rock, Colorado, one of the fastest-growing suburbs in the Denver MSA. The property represents a limited-supply BTR opportunity in a market with strong demographic momentum and combines Old West rustic charm with a vibrant, community-oriented residential setting. Framed by views of the Front Range of the Rocky Mountains, Red Hawk delivers a differentiated living experience that appeals to renters seeking space, privacy, and quality in a suburban environment.
Unit Mix
| Floor Plan | SF | Count | % | In-Place Rent |
|---|
| 3 Bedroom | 1,491 | 32 Units | 53% | $2,048 |
| 3 Bedroom | 1,584 | 28 Units | 47% | $2,041 |
| Total / Avg | 1,538 | 60 Units | 100% | $2,045 |
The unit mix at Red Hawk offers residents elements of owning a home, consisting exclusively of 3-bedroom, 2.5-bath townhomes. Each residence includes a private entry and a direct-access, two-car attached garage. Homes feature open-concept floor plans, granite countertops, full kitchen appliance packages, and modern interior finishes throughout. Additional features include walk-in closets in the primary suite, washer and dryer hookups, air conditioning, ample storage, and carpeted bedrooms, positioning the asset as a compelling alternative to entry-level homeownership. At an average of 1,534 SF, the uniformity of unit types simplifies the management and execution of the investment's value-add renovation plan.
Location, Location, Location
Castle Rock is well known for its mountain-town charm paired with convenient metropolitan access. Many are drawn to the area for its strong schools, abundant outdoor recreation, and authentic community feel, all supported by proximity to major employment centers and a cost of living that remains relatively affordable compared to nearby metros. Established retail anchors such as The Promenade at Castle Rock, Outlets at Castle Rock, and the historic downtown corridor reinforce everyday convenience and lifestyle appeal, key drivers of sustained renter demand and long-term market durability.
Adding to this momentum is a 31-acre, master-planned mixed-use destination, The Brickyard by developer, Confluence Companies*. The site recently broke ground within a half-mile of Red Hawk Crossings. Designed as a hub for recreation, work, shopping, and dining, the project underscores Castle Rock’s continued evolution as a live-work-play community. This is underpinned by strong demographic tailwinds and sustained population growth, supporting a durable foundation for long-term housing demand in the market.
*https://www.confluenceco.com/portfolio/the-brickyard/
