YEAR END 2024
Dear Outlaw Real Estate Partners,
Seasons Greetings! As we close out 2024, we are excited to reflect on our accomplishments together and look forward to the year ahead. We are grateful that the Bozeman Valley continues to be an attractive place to live, play and invest. The broader economic and demographic trends and tailwinds are in our favor again. Collectively, we are in a great position to benefit from the seeds we planted in 2019 when we began this journey.
This year we were proud to complete keystone projects like Sandhill and Wildlands - selling out the majority of lots and residences, respectively. Our ability to execute in the face of a challenging market is a testament to the vision and execution of our team, along with your support.
In 2025, we have big plans.
We will complete all infrastructure at Urban + Farm, our 106-acre, master-planned community in West Bozeman and begin vertical construction on Bozeman’s newest vibrant neighborhood. We will complete construction on 88,000 square feet of Class A, industrial space in Belgrade, Montana for Ferguson Plumbing Supplies, and we will begin planning for another 125,000 square feet on the adjacent site. We will begin construction on the Bronken’s site, and develop a mixed-use, residential building catering to young and dynamic entrepreneurs flocking to the Northeast Neighborhood of downtown Bozeman. At the same time, we will continue to look for new growth opportunities, especially within Outlaw’s land holdings where we can continue to create special places and tell stories.
On a personal level, OREP is focused on important community initiatives, including the protection of wildlife corridors and helping wildlife crossings get built on Highway 191, while supporting further efforts on clean water with the Montana Headwaters Legacy Act. Information and stories on all these efforts are included.
As a token of our gratitude for your trust and support, we are thrilled to offer each of our investors a ticket, plus a guest, to enjoy our Skybox at the PBR Big Sky on Thursday, July 17. We hope you’ll join us for an unforgettable evening as we celebrate together! Please RSVP to Ashley Keller at ashley@outlaw.realty.
Happy Holidays,
Eric, Mike & the Outlaw team
Location: Bozeman
Project Type: Residential Mixed-Use
Wildlands, our flagship development, has officially come to life in Bozeman’s Northeast Neighborhood, marking a significant milestone in our mission to revitalize and innovate this cherished area. This mixed-use redevelopment, skillfully executed by Langlas & Associates, 45 Architecture, and Gallatin Valley Design Group, stands as a testament to quality craftsmanship and thoughtful design. Located at the well-known corner of Peach Street and Wallace Avenue—home to community favorites like Wild Crumb Bakery and Fink’s Deli—Wildlands is now a landmark that enhances both the residential and commercial landscape of the neighborhood.
With nine residences successfully sold and three remaining, Wildlands has quickly captured demand for high-quality, thoughtfully integrated spaces. The project’s completion and positive reception affirm our commitment to both strong financial performance and meaningful community impact.
Location: West Bozeman
Project Type: Master Planned Agrihood Community
Urban + Farm sets the new standard for Bozeman master-planned mixed-use communities that seamlessly blends urban connectivity with the cherished Montana lifestyle. Nestled in the rapidly growing West Bozeman submarket, this ambitious development will encompass a diverse array of housing options, including condominiums, townhomes, and apartments. Beyond housing, it will have a vibrant community hub and bustling commercial core.
This new community dedicates a generous 15% of its area to parks and open spaces, ensuring a green, refreshing environment. In 2024, we completed horizontal infrastructure on Phase 1 of Urban + Farm, with the remainder of infrastructure across Phase 2 to be completed by early 2025.
Location: West Bozeman (Urban + Farm)
Project Type: Multi-Family (For Rent)
In 2022, Outlaw Real Estate Partners achieved a significant milestone by completing the Millhouse apartments, the inaugural residential offering within the vibrant Urban + Farm mixed-use community. These 36 two-bedroom garden-style apartments boast expansive living spaces, picturesque mountain vistas, convenient access to Ferguson Farm’s dining and shopping options, and the added bonus of communal green areas.
Fast forward to 2024, and we’ve not only successfully filled these residences but have also refinanced the property. In a strategic move, we’ve decided to maintain long-term ownership of the apartments, aligning with our vision to cultivate enduring value throughout the entire Urban + Farm master-planned community.
Location: West Bozeman (Urban + Farm)
Project Type: Single-Family (For-Rent)
The Grange Residences mark the second vertical development venture undertaken by Outlaw Real Estate Partners within the expansive Urban + Farm community. Situated on 2.1± acres, this development represents Bozeman’s pioneering Single Family Rental community, a direct response to the growing influx of young families making Bozeman their home.
All of the 22 homes are complete and leased. We recently executed a refinancing of this project, and intend to maintain long-term ownership. Further solidifying our commitment to shaping the future of the Urban + Farm community.
LOT 1 & MAYFLY OPPORTUNITIES
Location: West Bozeman (Urban + Farm)
Project Type: Multi-Family (For-Rent)
The Mayfly and Lot 1 locations are integral components of the expansive Urban + Farm community. The Mayfly development has successfully secured Preliminary Plat approval. Lot 1 is fully platted and primed for development, these parcels are held for sale to third party developers to help execute on Outlaw’s vision and create more housing at Urban + Farm.
Location: Kagy Blvd, Bozeman
Project Type: Single-Family Subdivision
Sandhill is a thoughtfully designed 160± acre residential community that offers 34 multi-acre homesites, blending expansive natural beauty with a storied Montana legacy. With over 20 lots sold and more than five under contract, Sandhill has quickly become a sought-after option in the market. Residents enjoy access to miles of hiking and biking trails and sweeping views of the Bridger Range. Once part of the historic Nelson Story Sr. property—whose legendary cattle drive inspired the classic novel Lonesome Dove—Sandhill celebrates this heritage while looking to the future.
Outlaw Real Estate Partners, in collaboration with Bridger Development, prioritized sustainable development in the planning of this community. Our team has maintained the natural landscape flow, preserved riparian areas, protected bird habitats, and implemented advanced water conservation techniques to uphold Sandhill’s environmental integrity. Today, Sandhill reflects a balance of history, sustainable living, and community connection on Bozeman’s scenic south side.
Location: West Bozeman
Project Type: Single-Family / Condominium (For Sale)
Nestled in the heart of West Bozeman, just north of the bustling Ferguson Farm neighborhood, you’ll find the exclusive mixed-use residential haven known as Six Range. Crafted through the collaborative efforts of Outlaw Real Estate Partners and our co-developer, The Paine Group, this visionary community includes a total of 192 residences, each showcasing the elegance of Scandinavian architecture, thoughtfully efficient floor plans, and convenient access to a wealth of both on-site and off-site amenities. These include the brand-new Town & Country grocery store, The Market, and a variety of delectable dining options.
In 2023, we secured all entitlements and approvals; moreover we completed the majority of all horizontal infrastructure, readying the site for vertical construction in 2025.
