A New York investor purchased the 112-unit South Circle Arms Apartments near Valley High Golf Course for $5.4 million. Sequoia Property Partners purchased the complex at 813 South Circle Drive. Ken Green and Kevin McKenna with Apartment Realty Advisors brokered the deal for seller Xebec Realty Partners. The $5.4 million breaks down to $48,214 per [...]
Continue reading...Monday, October 17, 2011
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A Lakewood real estate investment firm purchased the Rustic Hills Park Apartments for $4.2 million last week. The 243-unit complex was one of the last distressed properties on the market in Colorado Springs and sold for just $17,279 per unit or $17.37 per square foot, according to a release from Apartment Realty Advisors, which brokered [...]
Continue reading...Monday, March 28, 2011
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Last month I reported on how the Colorado Springs apartment market was at a tipping point, with the balance of power moving from renters to landlords. The demand for apartments is up as the housing crisis has turned former homeowners into renters, and supply is down as builders have held off on constructing new units. [...]
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Tuesday, November 1, 2011
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