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Record Pricing Achieved for Colorado Springs MF
Santa Barbara, CA-based NALS Apartment Homes acquired Overlook at Interquest, a 2018-constructed, 264-unit asset in Colorado Springs, CO for $66.5 million. As the first pre-stabilized multifamily asset sold in recent Colorado Springs history – with 80% occupancy at the time of sale – the transaction represents the market’s demand for new product and demonstrates a boost in buyer confidence. It also set the new price per-unit record in Colorado Springs of $251,894 per unit.
Overlook at Interquest is one of only eight Class A+ properties built in Colorado Springs during the last five years.
NKF’s Kevin McKenna and Saul Levy represented the undisclosed seller.
McKenna says, “The sale of Overlook at Interquest is the first pre-stabilized asset sale in Colorado Springs, and it characterizes the continued closing of the economic gap between Colorado Springs and metro Denver.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition

