The seller of the class A project was a pension fund advisor.
''Colorado Springs is still an attractive market for multifamily investments,'' says David Potarf, who handled the transaction with fellow broker Dan Woodward. Both are brokers in Denver's Marcus & Millichap office.
''The quality of the assets and the solid location were major factors that drove the buyers interest,'' Woodward adds.
A.G. Spanos built the property in 1996. It is located in the popular Norwood subdivision.
Potarf and Woodward have sold $275 million worth of properties.
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