ASPEN
SCHOOLS HOUSING PROJECT
In 2024, there were 54 single-family home sales
in Aspen totaling $1.13 billion in volume.
Most transactions were over $10 million, indicating sustained high-end demand​
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$21 million - average single-family home sale price in Aspen
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​$16.75MM - The median price Shortage of affordable housing for workers
Aspen School District – Requires 100 Employee Housing Units
Shortage of teacher housing. Mandate to increase housing portfolio in Aspen & nearby areas.
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M Development has previously delivered units to Aspen School District.
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Purchase price pre-set based on projected development costs.
M Development is a real estate developer, owner, and operator focused on retail, multifamily, and hospitality in high-barrier markets.
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Founded by Mark Hunt, it is the largest private owner of real estate in Aspen, with recent investments in South Florida, Atlanta, Indianapolis, Napa Valley, and Jackson Hole.
The firm has a strong pipeline of acquisitions, aiming to unlock the highest value potential in competitive markets.
Non-solicitation
This overview is not an offer to sell or a solicitation to buy any securities. it contains forward looking statements, it is only a brief summary, is inherently incomplete, is for information purposes only, is subject to change, and should not be considered as providing sufficient information to evaluate any investment. any securities which may be offered shall be done so only by means of a confidential private placement memorandum and other definitive documents in compliance with applicable securities laws.