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Seagate Properties

Seagate Properties

A Real Property Investment & Operating Company

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Ridgeview Place

A value-added purchase of a 336-unit apartment community situated on a 25.1 acre site. The property, built in 1984, has 45% one-bedroom units, 48% two-bedroom units and 7% three-bedroom units. The property is extrememly unique in this market due to its extrememly low density of only 13.4 units per acre, a tremendous location immediately adjacent to a 740 acre city park, and a very large average unit size of 883 square feet. Substantial rehabilitation of the property was completed including upgrades to all common areas, a total rennovation o the clubhouse and leasing offices and substantial upgrades to the unit interiors.

Project Details:

Location

Colorado Springs, CO

Size

336 units in 39 bldgs

Type

Multi-Family

Seagate Contributions

Acquisition
Asset Management
Opportunistic Investment
Redevelopment

Status

Sold

Address

3310 Knoll Lane
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