Wednesday, July 27, 2016
COLORADO SPRINGS, CO – Griffis/Blessing has been selected by an affiliate of Freshwater Investments to handle the property management of Palo Verde Apartments, located at 175 North Murray Boulevard in Colorado Springs.
“We are thrilled to build on our partnership with the new owner as this will be the second community we mange for them,” says Pat Stanforth, CPM®, Senior Vice President of Multifamily Services.
Alex Rozenfeld, Freshwater Investments Principal and Managing Partner, commented: “This marks our second acquisition in Colorado and is a powerful addition to our multifamily portfolio. We’re thrilled to partner with Griffis/Blessing, Inc. and leverage their expertise in managing our property, as they are a recognized leader and the largest property management firm in Colorado. We will continue looking for opportunities to expand into this market as we see growth potential here.”
Palo Verde offers 72 one and two-bedroom spacious floor plans with private patios/balconies, in unit washer/dryer, and fully equipped kitchens. The community amenities include a heated swimming pool, basketball court, picnic area and playground.
Candice Kennedy, CAM is taking on the assignment as the District Manager and Tim Gunning will be the on-site Property Manager.
Headquartered in Colorado Springs, CO with additional offices in Denver, Griffis/Blessing, Inc. currently manages over 4.3 million square feet of commercial space, and more than 8,200 apartments. The company has provided award-winning property management and real estate investment services throughout Colorado since 1985. For more information, visit www.griffisblessing.com.
Freshwater Investments is California based real estate investment firm creating opportunities for private and institutional investors to diversify portfolios and gain attractive returns through co-ownership of multifamily housing properties.
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