They may have new kitchen appliances and an expanded roster of resident amenities, but booming demand in one of Colorado's largest cities is what drove the price, and a hefty return, for a pair of newly renovated apartment complexes.
Joint Venture’s Value-Add Play Pays Off With $74 Million Portfolio Deal in Colorado
Bascom-Axton Partnership Sells Newly-Renovated Multifamily Portfolio for Nearly Twice Its Acquisition Price
By Katie Burke
CoStar NewsApril 11, 2023 | 10:35 P.M.
RELATED ARTICLES
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In
IN THIS ARTICLE
- Properties
- Park at Penrose
3802 Half Turn Rd, Colorado Springs, CO
- Park at Palmer
3803 Half Turn Rd, Colorado Springs, CO
- Companies
- OBREM
Real Estate
- The Bascom Group
Real Estate
- Oak Coast Properties
Real Estate