Colorado Springs apartment vacancy rates down, rents up

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vivian e. vigil said:

I wish I was the one to purchase the both of them because if I did I'd make it into a low income housing project and let all my friends move in :)
CREJ said:

The project is anticipated to be completed in spring 2014.
Anonymous said:

When is this project expected to be finished?
JD Crouse said:

HI Kris, Loan Investing has been a wonderful strategy for my company over the last 5 years. I've been able to buy multiple loans in my own back yard from banks and sellers who had carried back a note. The returns have ranged from the low to high double digits with a high level of security (20 - 60 % LTV). I don't see loan sales slowing for a long time for no other reason that we have 20 years worth of FDIC 'loss-share' assets waiting to be disposed. Thanks for the article! JD Crouse http://LoanInvestingBlueprint.com

Colorado Springs apartment vacancy rates down, rents up

26 July 2012 | Posted in Multifamily, Colorado Springs & Southern Front Range

The average rent in the Colorado Springs metro area rose year over year for the tenth quarter in a row, climbing 2.3 percent during the second quarter to $776. According to a report released today by the Colorado Division of Housing and the Apartment Association of Southern Colorado, the average rent for the region was up from $759 reported during the second quarter of last year, and was also up from 2012’s first-quarter average rent of $754.

The average rent increased year over year in all sub-markets measured during the second quarter except the Southeast region where the average rent fell 5.1 percent to $638. The average rent increased the most in the Security/Widefield/Fountain region where it was up 7.9 percent, year over year, to $622.

View all posts by Jennifer Hayes

Jennifer Hayes has been an Editor with the CREJ for more than 12 years. Jennifer covers all commercial real estate news for all property types in the Colorado Springs/Southern Front Range and the Western Slope/Mountain Town areas. Jennifer also is Editor of the Construction/Design/Engineering section, the Economic Development section and the Shopping Center section.

Before joining the Colorado Real Estate Journal, Jennifer served as the Assistant Sports Information Director at Texas A&M-Commerce. She earned her bachelor's degree in broadcast journalism from the University of Colorado and a master's degree in education from A&M-Commerce.

When not bringing you the latest in commercial real estate news and views for the Denver area, Jennifer enjoys spending time with her husband and son, sports, dining out, reading, and perfecting her cookie and cupcake icing technique.

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