Military housing turned apartments sells for $26.1 million

Clear Capital LLC of Los Angeles paid $26.1 million, or $207 per square foot, for The Palmer Park Apartments – a record price per sf for multifamily assets built in Colorado Springs prior to 1990.

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Jennifer Hayes has been an editor with the CREJ since 2000. Jennifer covers multifamily and industrial news in the Denver metro area plus all property types in Colorado Springs, Southern Colorado, mountain towns and the Western Slope. She also handles High Fives news for the paper and is editor of the Health Care & Senior…