Pinnacle Announces Sale of 180 Unit Apartment Complex in Colorado Springs

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of a 180 unit apartment complex called Lincoln Springs Apartments for $19,500,000 located at 1170 S Chelton Road in Colorado Springs, Colorado. Mike Krebsbach, Senior Advisor, represented the Buyer, Monarch REI LLC in the transaction.  “Our buyer is very excited about the addition of this value-add apartment complex to their portfolio. They plan on making numerous renovations to the property and raising rents to market levels“ stated Senior Advisor, Mike Krebsbach.