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.