COLORADO SPRINGS, CO—The Praedium Group has purchased Bella Springs, a 364-unit, class-A multifamily community at 1050 Milano Point here, from a joint venture between Griffis/Blessing Inc. and Consolidated Investment Group for $48.5 million. The purchase was free and clear of existing debt. HFF‘s investment-sales team, led by director Jordan Robbins and real estate analyst Jared Buffington, marketed the property on behalf of the seller. Meanwhile, HFF’s debt-placement team, led by director Josh Simon, senior managing director Eric Tupler and real estate analyst Kristian Lichtenfels, secured a $31.5-million, five-year loan on behalf of the buyer at just under 3.1% interest through a correspondent life-insurance company. The property, completed in 2001, is 95% occupied and includes a diverse mix of floor plans, including a number of townhome-style units with direct-access garages. Community amenities include a heated resort-style swimming pool and spa, fully equipped fitness center, BBQ area, clubhouse, theater room and business center.

COLORADO—Santa Monica, CA-based William Warren Group has purchased six Colorado StorQuest self-storage facilities for approximately $33.2 million. The six locations consist of 353,902 square feet across 2,692 units. The StorQuest properties include Clock Tower at 16400 E. Colfax in Aurora,Highlands Ranch at 745 Monument Dr. in Highlands Ranch; Louisville at 1200 Lock St. in Louisville; Manitou Springsat 125 Higginbotham Rd. in Manitou Springs,Pony Express at 18455 Pony Express Dr. in Parker and StorQuest Twenty Mile at 18601 Longs Way in Parker.

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