Colorado Springs might have just made headlines as one of the “best places to live,” but based on this week’s $56.5 million purchase of a real estate portfolio that includes the Sterling Pointe and Windtree apartments, the city’s appeal is common knowledge among real estate investors. The sale represents the largest transaction for multifamily properties ever recorded in Colorado Springs. The next largest transaction was the $37.7 million sale of a three-property Colorado Springs apartment portfolio by Equity Residential in 2000, followed by the $35.3 million single-complex sale of Champions at Nor’Wood Apartments in 2004.
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