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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The Bellaire Apartments recently sold to Capital Real Estate of Denver for $19 million. Since it’s a 240 unit community, the price per door was just over $79K, well below the current estimated replacement cost of $120 per unit. Located in the southeast part of the city, it’s strategically placed between Fort Carson and Peterson [...]
