The seller was the Colorado Housing and Finance Authority and the buyer was the Aspen Retirement Corp., a subsidiary of the Broe Cos. Sales price was not disclosed.

Erik Robinson of Hendricks negotiated the transaction. The project is being renamed Aspen Village at Lowery. The new owner will invest more than $1 million for upgrades.

NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.