Pinnacle Announces Sale of 150 Unit Apartment Complex in Colorado Springs
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of the 150-unit Regal Estates Apartments for $17,250,000 located at 105, 115, 125, 135, 145, 155 South Academy Blvd in Colorado Springs, Colorado. Mike Krebsbach, Senior Advisor, represented the Buyer, Hazel Grace LLC in the transaction. “Our Client is very excited about their acquisition of Regal Estates as it is a great addition to their rapidly expanding Colorado Springs apartment portfolio. They have numerous renovations planned for this asset to add significant value and increased cash flows. “stated Senior Advisor Mike Krebsbach.