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Billionaire Investor Boosts Affordable Housing with $95.3M Purchase

12/19/2025

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Summary

Story summary

Mark Stevens, billionaire investor, purchased the Riverview apartment complex in Steamboat Springs, Colorado, for $95.3 million to address the area's housing shortage.
The 104-unit Riverview complex offers below-market rents, with studios from $925 and two-bedroom units from $1,600.
Renters must work at least 30 hours per week in the community, reflecting a broader trend of wealthy investors funding affordable housing to support local workers.

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Story summary

Mark Stevens, billionaire investor, purchased the Riverview apartment complex in Steamboat Springs, Colorado, for $95.3 million to address the area's housing shortage.
The 104-unit Riverview complex offers below-market rents, with studios from $925 and two-bedroom units from $1,600.
Renters must work at least 30 hours per week in the community, reflecting a broader trend of wealthy investors funding affordable housing to support local workers.