California investors trade Heritage Park Apartments in Fort Collins for $42M
FORT COLLINS — The Heritage Park Apartments community in Fort Collins changed hands this month from one California real investment outfit to another.
Bridge Partners Ltd., a Northern California real estate private equity investment firm, used holding company US Housing Partners II LP to sell off the Heritage Circle complex for $42 million.
The buyer, according to Larimer County real estate records, was CR Heritage Park Communities LLC, an affiliate of San Diego-based ColRich California Realty Inc.
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Heritage Park was built in 1978 and has 182 units, including one-, two- and three-bedroom apartments and four-bedroom townhomes.
The community last traded in 1999 for just over $6 million, county records show.
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FORT COLLINS — The Heritage Park Apartments community in Fort Collins changed hands this month from one California real investment outfit to another.
Bridge Partners Ltd., a Northern California real estate private equity investment firm, used holding company US Housing Partners II LP to sell off the Heritage Circle complex for $42 million.
The buyer, according to Larimer County real estate records, was CR Heritage Park Communities LLC, an affiliate of San Diego-based ColRich California Realty Inc.
Heritage Park was built in 1978 and has 182 units, including one-, two- and three-bedroom apartments and four-bedroom townhomes.
The community last traded in 1999 for just…
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