Monarch Investment and Management Group is a privately held multifamily owner-operator based in Franktown, Colorado, that has been active in commercial real estate since 1992. Bob Nicolls formed the firm in 2002 after growing a previous multifamily operation into one of the largest apartment owners in the country. Monarch operates as both an investment sponsor and property management company, with the same people who approve and acquire projects actively involved in managing properties. The firm employs a hands-on ownership model, conducting on-site due diligence to inspect physical plants, review leasing history, and scrutinize properties to its own operational standards. Monarch owns and manages 79,795 apartment units across 342 communities in 25 states, ranking as the 9th largest multifamily owner in the United States per the National Multifamily Housing Council as of 2024. The company employs 2,464 team members and has deployed approximately $93.6 billion in acquisition capital since inception. Monarch invests proprietary capital alongside investor funds, providing quarterly income distributions and long-term returns through direct real estate investment vehicles. The firm also operates Monarch Ski Area near Salida, Colorado. Monarch has acquired 3,895 units in 2024, 3,705 units in 2025, and 965 units through 2026, while disposing of 774 units in 2024 and 1,070 units in 2025.