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Griffis/Blessing buys $45.5 million apartments

Griffis/Blessing buys $45.5 million apartments

Griffis/Blessing, Inc., purchased the Bear Valley Park Apartments in Lakewood Tuesday, Dec. 30. The sales price was $45.5 million. The Class A-/B+ community was built in 2003 and is comprised of 260 apartment units with an average unit size of 996 square feet. The community amenities include a newly renovated clubhouse, a swimming pool, a state-of-the-art… Continue Reading Griffis/Blessing buys $45.5 million apartments

Griffis/Blessing buys Ridgepointe for $30.3 million

A Colorado Springs-based real estate investment group recently purchased Ridgepointe at Gleneagle Apartments for $30.3 million. Griffis/Blessing Inc. finalized the purchase of the 240-unit property Dec. 3 with $22.5 million in financing from Freddie Mac and the remaining $8 million in investor equity, according to Chief Investment Officer Gary Winegar. The property is located in… Continue Reading Griffis/Blessing buys Ridgepointe for $30.3 million

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