Banning-Lewis Ranch Master-Planned Community
Colorado Springs, Colorado USA
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On behalf of a major offshore investor client, Banning-Lewis Ranch was purchased from the Resolution Trust Corp. for $18.5 million.
The property has been assembled, acquired, and held for development by well-known Colorado entrepreneur Frank Aries, through more than $200 million in investment in infrastructure and land purchases.
Banning-Lewis Ranch is a highly strategic landholding, existing essentially as the entire direction of growth for metropolitan Colorado Springs, encompassing more than 20 square miles along the city's eastern edge.
Client: NEI Investor Group, as representative of offshore investment group. Completed by Stonecreek LLC principal while with predecessor firm.
