CBRE CAPITAL MARKETS ARRANGES ACQUISITION FINANCING IN THE AMOUNT OF $12,650,000 FOR BRIARGLEN APARTMENTS

CBRE CAPITAL MARKETS ARRANGES ACQUISITION FINANCING IN THE AMOUNT OF $12,650,000 FOR BRIARGLEN APARTMENTS

COLORADO SPRINGS, CO – June 29, 2011 – (RealEstateRama) — CB Richard Ellis (CBRE) Capital Markets, a Freddie Mac correspondent, arranged acquisition financing in the amount of $12,650,000 for Briarglen Apartments, a multi-family community totaling 220 units. The community offers residents numerous amenities including a clubhouse, business center, fitness center, outdoor swimming pool, carports, tennis court and basketball court.

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CBRE

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2011 revenue). The Company has approximately 34,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting.

Contact:

Robert W. McGrath
Senior Director, Corporate Communications

+1 212 9846515
+1 800 7996523 FREE

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