Pine at Wildroot 1990 Rimel Rd 203 Unit Apartment Building For Sale Missoula, MT 59803

CBRE is proud to present Pine at Wildroot, a new multifamily development in Missoula, Montana. Co-developed by Rockefeller Group and Pando, with construction completion scheduled for September 2025, this 203-unit community sets a new benchmark for quality in the region. Designed with studio, one-, two-, and three- bedroom units, the property offers expansive mountain views and high-end finishes with resort-style amenities and curated outdoor spaces. Pine at Wildroot is poised to become  Missoula’s premier multifamily community, offering investors a rare opportunity to acquire a best-in-class property at the outset of stabilization.

Missoula continues to experience strong housing demand, supported by a diverse mix of lifestyle, education, and employment fundamentals. The University of Montana anchors the market with over 10,000 students and 1,000 faculty, providing consistent rental demand while enhancing the city’s cultural vibrancy. Beyond education, Missoula has emerged as a regional hub for healthcare, government services, and technology, while maintaining its appeal as a gateway to outdoor recreation. These durable demand drivers, combined with a limited pipeline of luxury multifamily development, create favorable conditions for absorption and rent growth at Pine at Wildroot.

Lifestyle remains Missoula's greatest draw. Residents enjoy immediate access to the Clark Fork River, Blue Mountain Recreation Area, and Snowbowl ski resort all within minutes of downtown. The city blends the character of a historic Western town with modern amenities, craft breweries, and a growing restaurant and arts scene. Montana's broader appeal as a destination for high-quality living marked by lower population density, natural beauty, and a reputation for safety and community. Missoula has only strengthened post-pandemic, fueling inward migration and sustained renter demand.

Pine at Wildroot began pre-leasing ahead of the first building’s delivery in August 2024, entering the market with strong early momentum. Over the subsequent twelve months, the property has achieved exceptional leasing velocity — steadily increasing occupancy while realizing meaningful rental rate growth across successive building deliveries. Leasing has been limited predominantly due to the lack of available units at the property.
As of July 28th, executed lease rates have risen 8% since the onset of lease-up — reflecting both the community’s strong appeal and its pricing power within a supply-constrained submarket.