The Colorado Springs apartment market is making a strong comeback, as shown by recent sales and new construction starts. Major investors from out of the area have recently purchased large multifamily properties in Colorado Springs. In October, Sequoia Property Partners of New York closed on the South Circle Arms, a 112-unit apartment complex built in [...]
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A PPM is the legal document you give to your investors so they have all the information they need to make an informed decision about investing in your project. Some syndicators decide to skip this step to avoid the upfront costs and to avoid revealing all the risks and conflicts of interest that are required. [...]
In their July issue, Kiplinger revealed their list of the top ten good value cities. They began with cities that have a score under 100 on the national cost-of-living index. This means they fall below the average in what it costs to live there. The editors then visited the top cities to set the ranking. The [...]
According to a recent article on Kiplinger.com, Colorado Springs ranks as one of the top ten cities for recent college grads. The main criterion for acceptance onto this list was a vibrant economy that is creating new jobs. In addition, each of the cities was rated on “rent affordability, access to public transportation, overall cost [...]
For the eighth quarter in a row, the vacancy rate in Colorado Springs has gone down, this time to 5.8%. The last time it was this low was in the third quarter of 2001 when it was at 5.4%. As you’d expect, when the vacancy rate drops, the average rent goes up. Last year the [...]
