{"id":1004125370,"date":"2015-08-14T11:11:22","date_gmt":"2015-08-14T19:11:22","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=357992"},"modified":"2020-04-08T09:00:11","modified_gmt":"2020-04-08T17:00:11","slug":"advenir-kicks-off-value-add-play-in-colorado-springs","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/advenir-kicks-off-value-add-play-in-colorado-springs\/","title":{"rendered":"Advenir Kicks Off Value-Add Play in Colorado Springs"},"content":{"rendered":"

By Ioana Neamt, Associate Editor<\/em><\/p>\n

\"Advenir<\/a><\/p>\n

Advenir at The Village – 5400 N Nevada Ave, Colorado Springs<\/em><\/p>\n<\/div>\n

An out-of-state investor has arranged $29.8 million in financing for a Colorado Springs multifamily community.<\/p>\n

Aventura, Fla.-based Advenir Inc.<\/a> has secured the financing with the help of HFF<\/a> and its Freddie Mac<\/a> Program Plus Seller\/Servicer program. HFF placed the seven-year, 2.49 percent adjustable-rate loan with Freddie Mac\u2019s CME Program.<\/p>\n

Following the purchase of the Sunset Creek community, Advenir plans to rebrand the 46-year-old property as Advenir at The Village and invest in in upgrades and improvements at the site.<\/p>\n

Located at 5400 N. Nevada Ave., Advenir at The Village is roughly seven miles away from downtown Colorado Springs and nine miles south of the U.S. Air Force Academy along I-25. The community is also nearby the newly built University Village Colorado shopping center.<\/p>\n

\u201cSunset Creek is uniquely positioned across the street from UCCS, the fastest growing university in the state and shares the property line with the city\u2019s most robust retail center,\u201d said Todd Linden, Advenir\u2019s chief acquisition officer in a prepared statement. \u201cWe are confident that we can add value by making significant improvements to the asset in order to garner increased rents and asset appreciation.\u201d<\/p>\n

The community offers 310 one-, two- and three-bedroom units, a resort-style swimming pool, fitness center, as well as tennis and volleyball courts.<\/p>\n

The HFF debt placement team working on behalf of Advenir was led by Josh Simon and Eric Tupler.<\/p>\n

Image courtesy of Yardi Matrix<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

An out-of-state investor has arranged $29.8 million in financing for a Colorado Springs multifamily community.<\/p>\n","protected":false},"author":192,"featured_media":1004507206,"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-1004125370","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-denver","category-latest"],"acf":[],"yoast_head":"\nAdvenir Kicks Off Value-Add Play in Colorado Springs - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/advenir-kicks-off-value-add-play-in-colorado-springs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Advenir Kicks Off Value-Add Play in Colorado Springs\" \/>\n<meta property=\"og:description\" content=\"An out-of-state investor has arranged $29.8 million in financing for a Colorado Springs multifamily community.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/advenir-kicks-off-value-add-play-in-colorado-springs\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-08-14T19:11:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-08T17:00:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/142.jpg?w=1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ioana Neamt\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/advenir-kicks-off-value-add-play-in-colorado-springs\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/advenir-kicks-off-value-add-play-in-colorado-springs\\\/\"},\"author\":{\"name\":\"Ioana Neamt\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/993af2799cdaf5162633d320cf63ff16\"},\"headline\":\"Advenir Kicks Off Value-Add Play in Colorado Springs\",\"datePublished\":\"2015-08-14T19:11:22+00:00\",\"dateModified\":\"2020-04-08T17:00:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/advenir-kicks-off-value-add-play-in-colorado-springs\\\/\"},\"wordCount\":256,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/advenir-kicks-off-value-add-play-in-colorado-springs\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/142.jpg\",\"articleSection\":[\"Denver\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/advenir-kicks-off-value-add-play-in-colorado-springs\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/advenir-kicks-off-value-add-play-in-colorado-springs\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/advenir-kicks-off-value-add-play-in-colorado-springs\\\/\",\"name\":\"Advenir Kicks Off Value-Add Play in Colorado Springs - 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