CBRE ARRANGES $14.95 MILLION LOAN FOR COLORADO CBRE ARRANGES $14.95 MILLION LOAN FOR COLORADO SPRINGS APARTMENT ACQUISITION APARTMENT ACQUISITION

Colorado Springs, CO – October 6, 2011 – (RealEstateRama) — Led by the Miami Capital Markets team in partnership with the Denver office, CBRE arranged the $14,950,000 loan for the acquisition of Cheyenne Crossing Apartments in Colorado Springs. Financed at an 80% loan-to-value ratio, terms of the loan include a 10-year term with five years interest-only. The property was purchased by Advenir@Cheyenne LLC, a Florida-based capital group for $19,150,000.