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Lake Creek Village Apartments


4923 Lake Creek Village Dr., Edwards, CO 81632

Colliers is pleased to present to qualified investors the opportunity to preserve affordable housing in Eagle County, Colorado.


  • Once-in-a-Generation Opportunity to Acquire Premier Affordable Housing in Edwards, CO. In close vicinity to world-renowned ski resorts Vail and Beaver Creek, the median transaction price of Single Family Homes in Eagle County for April 2021 was $795,000 (Land Title Guarantee Company). Additionally, housing costs are significantly higher than the nationwide average and a recent Eagle County Housing Assessment showed a shortfall of 4,500 units to meet current needs ( Workforce housing in such an affluent area is rare and of vital importance to the health and vibrancy of Eagle County, and currently the number ONE strategic priority of the Eagle County Housing and Development Authority's board and community partners. The future owner has the opportunity to preserve affordable housing in a location where it’s greatly needed.
  • Significant Resident Demand for Affordable Housing. Colorado in general, but the Vail Valley and Edwards, CO in particular, has an extremely durable demand from residents for affordable housing. Lake Creek Village Apartments consistently keeps a robust future resident waiting list and usually stays nearly 100% leased.
  • Spacious and Highly Amenitized Property. Lake Creek Village is a rare 270-unit, low-density, 1990s vintage asset with a unique and spacious unit mix that includes nearly 90% 2x2 and 3x2 floor plans. Additionally, the property has a significant community amenity package that includes a large playground with climbing wall, a Frisbee golf course, a leasing office, and an enormous Community Center with clubhouse, two classrooms, and a second story office space suitable for robust resident support programs.

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Related Experts

Bill Morkes

Senior Vice President


I'm  an investment sales broker specializing in the sale of multifamily assets in Colorado and the Mountain states.  Our team focus is the disposition of multifamily assets in the Rocky Mountain region; specifically, representing owners in the sale of market-rate, affordable (LIHTC or Project-based HAP), student, age-restricted, and mixed-use apartment communities. 

In addition to existing multifamily assets, our team will facilitate the sale of land that is attractive for the development of multifamily for-rent or for-sale assets -- visit for more information.

Prior to beginning my multifamily brokerage career in 2011, I worked in the financial services industry as well as in the U.S. Army where I served as a Captain with the 1st Infantry Division during Operation Iraqi Freedom.   I graduated from the United States Military Academy at West Point in 2002 with a Bachelor of Science degree in Electrical Engineering.

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Craig Stack

Senior Vice President


As Senior Vice President of the Denver Multifamily team for Colliers International, Craig leads the efforts for business development and client relationships throughout Colorado. He provides clients with acquisition and disposition services for multifamily properties. In addition to existing multifamily building sales, Craig has facilitated the sale of multifamily ground for new development.

His multifamily brokerage experience began in 2000 at CB Richard Ellis where he won many top ranking awards. During the course of his career, Craig has transacted over one billion in apartment sales, consisting of institutional, private capital, and affordable apartments.

Please view his properties at:

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