Irvine’s PEF Advisors Buys Colorado Senior Housing Portfolio

Preservation Equity Fund Advisors, LLC (PEF Advisors), an Irvine-based real estate firm focused on preserving affordable housing in high-cost markets, has acquired Reflections Senior Apartments and Woodbridge Senior Apartments, two affordable housing communities in Ford Collins, CO.

“Millions of American families, senior citizens and veterans cannot find housing they can afford,” said Rich Bennion, Senior VP at PEF Advisors. “The sustained demand and reduction in supply of affordable housing is a serious issue PEF Advisors is addressing through its preservation investment strategy.”

The two senior communities are located about one hour north of Denver and include a combined 122 units of affordable housing for seniors. Reflections Senior and Woodbridge Senior are within five miles of each other, and will be operated with a combined staff. Each property features one- and two-bedroom units and amenities include a clubhouse, on-site laundry facilities and patios/balconies.