Thompson Thrift Sells Apex in Colorado Springs
October 28, 2024
Colorado Springs, CO
COLORADO SPRINGS, Colo. (Oct. 28, 2024) – Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, announced today the sale of Apex, a 360-unit, Class A multifamily community in Colorado Springs to an undisclosed buyer. Matt Barnett, Jake Young, Taylor Payne and Emilie Brady of Walker & Dunlop brokered the sale.
“Apex was developed to address the increased demands for high-quality, luxury multifamily rental options in the Colorado Springs area,” said Josh Purvis, managing partner for Thompson Thrift Residential. “We are pleased with the outcome of the transaction and take great pride in providing an excellent return for our investment partners while delivering a high-quality community for our residents.”
Located half a mile east of Powers Boulevard off Woodmen Road, the 20-acre site offers three-story garden style buildings with 129 detached garages. The luxury one-, two- and three-bedroom apartment homes average just under 1,000 square feet and include gourmet bar-kitchens with elegant quartz countertops and tile backsplashes, stainless steel and energy-efficient appliances, walk-in showers with full tile surround and glass doors, large walk-in closets with shelving, full-size washers and dryers, and much more.
Construction on the community began in October 2020 and finished in March 2023. The community is only 20 minutes northeast of downtown Colorado Springs and adjacent to the St. Francis Medical Center, a 195-bed full-service hospital that features a modern birth center, level III neonatal intensive care unit, emergency department, level III trauma center and more. The site offers easy access to major employers, retailers, restaurants and high-end housing.
