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Dwindling Supply in Colorado’s Second-Largest City Drives Multifamily Prices Higher

Atlanta Apartment Investor Pays Nearly $355,200 per Unit for Colorado Springs Complex
Atlanta-based apartment investor Cortland acquired the Ridge at Rockrimmon multifamily property in Colorado Springs, Colorado. (CoStar)
Atlanta-based apartment investor Cortland acquired the Ridge at Rockrimmon multifamily property in Colorado Springs, Colorado. (CoStar)
CoStar News
July 25, 2022 | 7:38 P.M.

Limited construction and record demand have fueled price increases across the Colorado Springs, Colorado, apartment market, but the escalating costs haven't deterred investors eager to plant a stake in the fast-growing city.

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