{"id":1004111377,"date":"2015-01-16T15:37:34","date_gmt":"2015-01-16T23:37:34","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=317462"},"modified":"2020-04-30T10:08:36","modified_gmt":"2020-04-30T18:08:36","slug":"griffis-residential-gets-48-8m-for-m-f-community-in-colorado-springs","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/griffis-residential-gets-48-8m-for-m-f-community-in-colorado-springs\/","title":{"rendered":"Griffis Residential Gets $48.8M for M-F Community in Colorado Springs"},"content":{"rendered":"<p><em>By Ioana Neamt, Associate Editor<\/em><\/p>\n<div id=\"attachment_317463\" class=\"wp-caption alignleft\" style=\"width: 160px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/01\/Sagebrook-apartments-3.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-thumbnail wp-image-317463\" title=\"Sagebrook-apartments-3\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/01\/Sagebrook-apartments-3.jpg\" alt=\"\" width=\"150\" height=\"150\" \/><\/a><\/p>\n<p class=\"wp-caption-text\"><em>Sagebrook Apartments<\/em><\/p>\n<\/div>\n<p>Denver-based Griffis Residential recently announced the sale of Sagebrook Apartments, a 314-unit Class A residential community in northeast Colorado Springs. According to a news release, the asset sold to an undisclosed buyer for $48.8 million. Griffis purchased the property in July 2008 for $36.2 million.<\/p>\n<p>Located at 2555 Raymond View in Colorado Springs, the Sagebrook community consists of 314 one-, two-, and three-bedroom apartments featuring modern-day amenities such as energy-efficient central heating and cooling, gourmet kitchen, washer and dryer, private patios or terraces, as well as private garages. Community amenities include a state-of-the-art, 24-hour fitness center, swimming pool, sunning deck, all-season spa, outdoor picnic and BBQ area, business center, gourmet coffee bar and a clubroom.<\/p>\n<p>Residents of Sagebrook Apartments benefit from a convenient location that offers easy access to the I-25, the Shops at Briargate, Briargate Business Park, the Air Force Academy, Memorial Hospital North, InterQuest Business Park and the Penrose St. Francis Medical Center.<\/p>\n<p>Griffis Residential is the second largest institutional-quality Class A multifamily owner in Colorado. Recent transactions in the area include the sale of The Oasis Apartments in December 2014 for $40 million, and <a href=\"https:\/\/www.multihousingnews.com\/\" target=\"_blank\" rel=\"nofollow\" cities\/denver\/griffis-residential-pays-40m-for-strathmore-apartments-in-lafayette-co\/1004111407.html?utm_content=buffera97ae&amp;utm_medium=social&amp;utm_source=plus.google.com&amp;utm_campaign=buffer\">the purchase of Strathmore Apartments<\/a> for $39.9 million.<\/p>\n<p><em>Image courtesy of Griffis Residential<\/em><\/p>\n<p><strong><a href=\"https:\/\/www.multihousingnews.com\/\" target=\"_blank\" rel=\"nofollow\" market-data\/economic-upswing-and-light-rail-expansion-paving-the-way-for-investors-in-the-denver-market\/1004101512.html\">Click here<\/a><\/strong> for more market data on <strong>Colorado Springs<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Denver-based Griffis Residential recently announced the sale of Sagebrook Apartments, a 314-unit Class A residential community in northeast Colorado Springs.<\/p>\n","protected":false},"author":192,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1587,21742],"tags":[],"class_list":["post-1004111377","post","type-post","status-publish","format-standard","hentry","category-denver","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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