Trion, PCCP acquire two-property apartment portfolio for $80m
Trion Properties and partner PCCP have acquired a two-property apartment portfolio located in multiple submarkets of Colorado Springs, Colo., for a combined total of $80 million.
The properties, totaling 406 units, include Quail Cove and Highland Park. The properties represent an opportunity for Trion to acquire well-maintained assets with strong value-add potential in a rapidly growing market, according to Max Sharkansky, managing partner at Trion Properties.
“Colorado Springs was the third-best housing market for multifamily rental investments in 2020, and recently ranked fourth as the best place to live in the United