CBRE announced the sale of Vue at Spring Creek, a 280-unit apartment complex in Colorado Springs, Colo., to an undisclosed California-based buyer.
Kevin McKenna, Justin Hunt, Andy Hellman, Saul Levy, Katie Fergen, and Jessica Graham with CBRE represented the seller, Hudson Capital, in the transaction. This marks Hudson’s second sale in Colorado in the past year. The firm completed 12 multifamily sales in the U.S. in 2021.
Vue at Spring Creek, located at 1844 Ralphs Ridge, features an outdoor pool, lounge and fireplace, on-site running trail, business center, volleyball and bocce ball courts, and a pet park and pet washing station. The property has easy access to Interstate 25 and Highway 24 and is in proximity to the Broadmoor hotel and golf resort as well as downtown Colorado Springs.
“The setting and the unbeatable views are what set this property apart,” said Mr. McKenna. “Buyers understood this was a special opportunity they wouldn’t be able to replicate. This investment will hold its value well into the future.”
Mr. Hunt added, “Hudson sold a number of properties before year-end. We just helped close the sale of Highland Point Apartments in Aurora for them as well. And just like for that asset, Vue at Spring Creek drew a lot of interest from a variety of investors, including local and national entities, private equity and public REITs.”
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2020 revenue). The company has more than 100,000 employees serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
