Interport Capital, in partnership with Business Aviation Group, is proud to announce significant progress at AeroFNL, our 77,000-square-foot hangar complex at Northern Colorado Regional Airport in Loveland, Colorado. The development, which broke ground in fall 2022, comprises five purpose-built structures housing 23 individual hangars and represents one of the most significant general aviation infrastructure investments in the Northern Colorado market. As the facility approaches full lease-up, currently 87 percent occupied with full occupancy anticipated by end of Q2 2026, AeroFNL validates our thesis that institutional-quality aviation infrastructure can deliver compelling, uncorrelated returns when developed with operational expertise and patient capital.
“AeroFNL demonstrates that the general aviation sector rewards developers who bring institutional discipline to a market long defined by fragmented ownership and undercapitalized facilities.”
Northern Colorado Regional Airport, jointly managed by the City of Loveland and City of Fort Collins, sits adjacent to Interstate 25 in one of the fastest-growing metropolitan corridors in the Rocky Mountain region. The airport serves as a critical access point for the region's expanding base of technology companies, outdoor recreation enterprises, and affluent residents who rely on general aviation for business and personal travel. Our decision to develop at FNL was informed by rigorous analysis of fleet growth trends, based aircraft counts, and the structural undersupply of modern hangar facilities across the Front Range. The facility offers a diverse mix of hangar types designed to serve the full spectrum of general aviation users. Type A hangars provide 5,148 square feet with 70-foot widths and 18-foot door heights, accommodating mid-size turboprop and light jet aircraft. Type B and C units offer 3,800 and 2,878 square feet respectively, while the Type D configuration at 2,614 square feet serves single-engine piston aircraft and light twins. Every hangar features institutional-grade specifications: infrared or gas forced-air heating systems, 220-volt three-phase electrical service, LED lighting, sealed concrete floors, R-30 wall insulation, and oil-water separator systems with floor drains.
The development is structured around a 40-year ground lease with the airport authority, providing long-term tenure and predictable occupancy costs that underpin our return projections. Both lease and purchase options are available to tenants, accommodating varying capital preferences among aircraft owners and operators. The AeroFNL complex sits adjacent to the planned Discovery Air FBO and Aviation Campus, a complementary development that will further enhance the airport's service offerings and attract additional aviation-related businesses to the corridor. This ecosystem approach, where multiple aviation facilities create a critical mass of activity and services, is central to our development strategy and mirrors the successful model we established at Centennial Airport with AeroColorado. Our partnership with Business Aviation Group, formalized at NBAA BACE in October 2022, continues to provide a differentiated pipeline of aviation investment opportunities across the western United States, and AeroFNL stands as proof of concept for the institutional aviation platform we are building.
For inquiries regarding this publication, please contact info@interportcapital.com.
