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Tag Archive | "investment"

Lakewood investor buys Rustic Hills-area apartments cheap

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 [...]

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Mountain Real Estate buys Promontory Pointe development

Monday, October 10, 2011

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Mountain Real Estate Capital closed on an investment with Classic Homes of Colorado Springs to develop Promontory Pointe, a 267-lot community located in Monument, Colo. Promontory Pointe was originally developed as a John Laing Homes community and had been tied up in bankruptcy since 2009, according to a release from Mountain Real Estate. Classic Homes [...]

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