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COLORADO SPRINGS, CO-Pine Bluffs LLC, a local investor, has paid $26.64 million for the 296-unit Pine Bluffs Apartment at 6470 Timber Bluff Point in this city about 60 miles south of Denver. The price equates to $90,000 per unit, a record for a ’90s project in the Springs.

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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