Griffis/Blessing Acquires 508-Bed Student Housing Community in Colorado Springs for $34 Million

Colorado Springs, Colo. — Griffis/Blessing has acquired Lion Village, a student housing community located near the University of Colorado – Colorado Springs, from a local developer for $34 million. Griffis/Blessing has served as property manager for the asset since its opening in 2015. With its third construction phase completed last year, Lion Village offers 508 beds in a mix of two-, three- and four-bedroom, fully furnished units with bed-to-bath parity. Shared amenities include a heated swimming pool, business center, fitness center and 24-hour maintenance. Nick Steele, John Laratta, Tyler King and Nate Moyer of Berkadia brokered the transaction.