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.

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. 

© 2021 BizWest Media LLC

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 over $6 million, county records show. 

© 2021 BizWest Media LLC