Vukota Capital is Pleased to Announce the Sale of Stratus Apartments Located in Colorado Springs, Colorado
19 March, 2020
March 19, 2020 – Vukota Capital Management (“VCM”) recently completed the sale of Stratus Apartments which resulted in a deal-level IRR and equity multiple of 44% and 2.9x, respectively.
Purchased by VCM in April 2016, Stratus Apartments is conveniently located on Airport Road, one of Colorado Springs’ major east-west thoroughfares, with significant nearby retail, restaurants and entertainment. The property is less than five minutes south of Citadel Mall, which consists of over 150 stores.