Miami, August 26 , 2021

South Florida Real Estate Firm PointOne Holdings has partnered with Stillwater Capital to develop Springs Ranch Apartments, a 330-Unit, luxury, multifamily development in Colorado Springs, CO.

The apartment community will feature a market-leading amenity platform including a 3-acre “quad” located between the main two buildings which will feature a top-of-market pool, outdoor kitchens and fire pits, walking gardens and extraordinary views of the Rocky Mountain range. In addition, the property will have a best-in-class fitness center and co-working style facilities for residents.

Colorado Springs is the second largest city in Colorado, located less than an hour south from Denver, a corridor that has seen tremendous growth over the last 10 years. Colorado Springs has benefited from front range tourism and business growth in software development, aerospace, technology, healthcare, education and tourism with major employers such as USAA, Oracle, Lockheed, FedEx, Progressive Insurance, and T Rowe Price. Additionally, Colorado Springs has a substantial non-deployment air force base. The airport, located a few minutes from the asset, is an important economic driver for the market, which has recently announced a massive 4 million square foot Amazon regional hub.

The joint venture recently closed the site acquisition and financing for the project. Construction will soon be underway, with first units scheduled to deliver in the spring of 2023.

POINTONE HOLDINGS is a real estate investment firm headquartered in South Florida and Atlanta with properties located throughout the Southeastern United States, Texas, Virginia, and Colorado. The firm owns and manages a diversified portfolio of residential and commercial assets valued in excess of $1 billion. PointOne Holdings’ core principles are founded on precise investment selection, thorough due diligence, creative deal structuring, strong financial management and proactive and responsive communication.