Get to Know Us
At ZB3 Real Estate, syndication is about more than real estate. We partner with people who want to own apartments without running them, and we work to provide clean, safe, well-managed homes for our residents. After years of investing on our own, we started ZB3 to bring partners along and to improve the communities we buy into.
Our Strategy
ZB3 Real Estate focuses on value-add apartment communities on Colorado's Front Range, mostly Class B and C buildings with 30 to 120 units built between 1960 and 1999. We look for properties where better management, rents brought to market over time, fair utility billing and targeted renovations can improve how the building runs and how it serves residents. We underwrite conservatively, keep reserves, and plan to hold each property for several years.
About ZB3 Real Estate
Meet the Team
ZB3 Real Estate is run by two partners who handle every deal from sourcing to reporting.
Where we operate: Southgate Commons (77 units, Colorado Springs), 168 Lincoln St (21 units, Loveland), 2851 Eliot Cir (6 units, Westminster) and 208 Scott St (16 units, Council Bluffs, Iowa).
Zach Bagby is the founder of ZB3 Real Estate. He has invested in multifamily real estate since 2018, starting with small multifamily properties and growing to a 77-unit community in Colorado Springs. At ZB3 he leads deal sourcing, underwriting, financing and capital raising. Outside of real estate, Zach is an engineering manager leading teams of software engineers. He lives in Castle Rock, Colorado, with his wife and their two young sons.
Founder
Courtney Erickson is Managing Partner at ZB3 Real Estate. She leads asset management, financial reporting and investor relations, working with property management on leasing, budgets and renovations and preparing investor reporting. She brings a background in project management and marketing.
Managing Partner