The Hughes Team

A California based real estate company has acquired its second apartment complex in Colorado Springs in two years and plans to purchase a third this month, reflecting the hot apartment market in Colorado Springs. The company paid $9.75 million for the Copper Chase Apartments, a 150 unit building at 2041 Southgate Rd., near the Broadmoor Towne Center.

The company plans to spend $500,000 to $1 million on roofing, painting and landscaping, and to add a swimming pool, sun deck and barbecue areas. They are also planning to improve the apartments. 

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The Hughes Team

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