Wheelock Street Capital announced today the acquisition of Rocking Horse, a 1,036-acre master-planned community in northern Douglas County, Colorado. The community has been approved for more than 1,800 single-family homes, of which approximately 150 have been built and sold to date. The seller was Rocking Horse Partners, LLC, and the purchaser is WS-RHA Development, LLC, a Wheelock affiliate.
“We see strong demand for quality master-planned communities in the southeast quadrant of the Denver metro market and liked the size and location of the Rocking Horse property,” said Jeff Handlin of Oread Capital and Development, the local operating partner for Wheelock Street Capital. Lennar was the original builder offering homes in Rocking Horse and was joined in 2013 by Meritage Homes. The average sales price of homes closed last year was in the low $400,000s. Amenities in place include full-size soccer fields, an inline hockey rink and sport court, tennis courts, a large playground, miles of trails, and neighborhood parks. When completed, the community is to have 323 acres of open space and a 13-mile trail system.
Over the next several years, additional neighborhoods will be developed in Rocking Horse that will be similar to the existing neighborhoods. The community is also planned to include future neighborhoods and amenities specifically for adults age 55 and older.
Wheelock entered the Denver market in 2011 with the acquisition of Anthem Colorado, a 1,700-acre master-planned community in Broomfield, which includes both Anthem Highlands and the 55+ community of Anthem Ranch.