Griffis/Blessing and Freshwater Investments have sold Viridian Edge at the Park and Western Hills, two value-add apartment communities totaling 432 units in Colorado Springs, Colo.
The financial terms were not disclosed; however, the new owner is Birge & Held.
"The Colorado Springs portfolio represents our commitment to conserving affordable housing on the Front Range and in the High Country," said Chris Brennan of Birge & Held. "We are excited that this expands our footprint to the community of Colorado Springs and our portfolio to 1,200-plus units. Our local partners and team members look forward to engaging with our new residents."
Located by the scenic Rocky Mountain front range, Viridian Edge at the Park is situated only 10 minutes from the revitalized Downtown Colorado Springs, in the northern suburbs. Western Hills is located in the Southeast suburbs next to the Colorado Springs Airport, where Amazon recently constructed a 4 million-square-foot d
