Trion Properties Inc. Acquires Multifamily Portfolio In Colorado Springs For $80M

The multifamily property located at 3308 Quail Lake Rd, Colorado Springs, CO 80906 and 4815 Garden Ranch Dr, Colorado Springs, CO 80918 has been sold in Colorado Springs. The sale was facilitated by Winston Black, a representative from Meta Real Estate Partners. The property was sold by Meta Real Estate Partners to Trion Properties Inc. The transaction took place on 04/06/2021 for a total sale price of $80,000,000. The property comprises of 406 units, resulting in a per unit price of $197,044.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $80,000,000
• Units: 406
• Price Per Unit: $197,044
• Transaction Date: 04/06/2021
• Market: Colorado Springs
• Buyer: Trion Properties Inc.
• Seller: Meta Real Estate Partners

The involvement of Winston Black from Meta Real Estate Partners highlights their role as the seller's representative in the deal. The transaction demonstrates the significant value of the multifamily property in Colorado Springs and reflects the strong market activity in the area.