Colorado Springs’ Apartment Market Attracting Increased Interest from Out-of-Town Investors

Bonterra Apartments

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According to the Colorado Springs Gazette, the hot apartment market in Colorado Springs is continuing to draw interest from out-of-state investors, eager to invest tens of millions of dollars in multi-family properties.

A limited liability company formed by Coughlin & Co., a family-owned Denver real estate company, recently paid $28.6 million for the 156-unit Bonterra Lakeside Apartments on the Springs’ southwest side.

Image Courtesy of ARA NEWMARK.

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