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LA-Based Investor Buys 300-Unit Multifamily Property in Colorado Springs

George Smith Partners Arranges Acquisition Financing for Local Construct's $55.28M Purchase of The Vineyards
By Benjamin Caffey
January 6, 2017 | 10:15 P.M.

Local Construct, a Los Angeles-based private real estate investment and development firm, recently acquired The Vineyards multifamily complex in Colorado Springs, CO. Forest Equities., Inc. sold the 300-unit complex for $55.28 million, or about $184,267 per unit.

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