Colorado Springs apartments sell for record $77.6M
COLORADO SPRINGS – Ohio-based White Oak Partners has paid a record $77.6 million for an apartment complex in Colorado Springs, a record for the area according to the Colorado Springs Gazette.
The real estate investment firm acquired the 332-unit Vue21 complex east of Powers and Union boulevards on the Springs’ northeast side.
The Gazette’s report said the $77.6 million record purchase price beat a $73.3 million sale of a northside property in November 2016. The Vue21 deal also represented a record per-unit price of $233,735; the previous record of $229,000 was set in August 2017 for a northeast complex.
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COLORADO SPRINGS – Ohio-based White Oak Partners has paid a record $77.6 million for an apartment complex in Colorado Springs, a record for the area according to the Colorado Springs Gazette.
The real estate investment firm acquired the 332-unit Vue21 complex east of Powers and Union boulevards on the Springs’ northeast side.
The Gazette’s report said the $77.6 million record purchase price beat a $73.3 million sale of a northside property in November 2016. The Vue21 deal also represented a record per-unit price of $233,735; the previous record of $229,000 was set in August 2017 for a northeast complex.