Nearly eight months after Terry Ragan sold his seven apartment complexes to a Denver-area real estate company, life is gradually improving for tenants at the decrepit, bug-infested apartments primarily in southeast Colorado Springs.New stoves, air conditioners and dishwashers are replacing appliances that stopped working long ago. Requests to fix them were ignored while Ragan was the landlord. Laundry machines that didn’t work or left oil stains on tenants’ clothes have been replaced. Security cameras are being installed, and security guards now patrol parking lots previously ceded to drug dealers and other criminals.The legions of cockroaches, a ubiquitous part of life at Ragan apartments, are being eradicated.Under the new owners, Slipstream Properties, tenants have to meet and abide by stricter leasing requirements. The New Horizons complex has been rebuilt from the studs out and rechristened North 49 in the first phase of $35 million in planned renovations and upgrades. Premium Life after Ragan: New owner’s track record promises better times for tenants, southeast Colorado Springs Rich Laden Those renovations are expected to kick into high gear in 2019, with at least two more complexes slated for overhauls. By mid-2021, every apartment complex formerly owned by Ragan will have undergone the same makeover, including landscaping upgrades, the new owners… Read full this story
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