Wednesday, November 30, 2011
Colorado Springs, CO – Griffis/Blessing, Inc. announces the acquisition of The Preserve at Hidden Creek, located in northeast Colorado Springs. The acquisition comes after several months of negotiations with the former owner.
Griffis/Blessing’s Multifamily Property Services Group, headed by Senior Vice President Pat Stanforth, CPM®, will manage the property:
“We are very impressed with the location and quality of this asset,” says Ms. Stanforth, “and with the ownership directive, we will be making significant improvements to the community that will begin immediately. Staffing will be headed by District Manager Stacey Kontry and on-site management by Patricia Marsh.”
The Preserve will help to bolster one of the strongest management portfolios in Colorado Springs, and Griffis/Blessing has already developed a strong capital improvement plan to increase the value of the property to not only the ownership, but also to the residents. Some of the renovations will include improvements to the pool, clubhouse, and apartment interiors. The Preserve has 240 apartment homes in one-, two-, and three-bedroom floor plans.
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