Multifamily news in Albuquerque
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Albuquerque Apartment Portfolio Changes Hands
The buyer of the Class C communities' 420 units assumed the seller's CMBS financing as part of the deal.
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Cooper Street Capital Sells Albuquerque Community
The investor traded the 105-unit multifamily asset after less than 18 months of ownership. The property was almost fully occupied as of December.
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Thayer Manca Residential Completes Albuquerque Renovations
The company invested a total of more than $8 million in interior and exterior improvements for the 264-unit Circ and the 200-unit Ottavo.
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Close-Up on Albuquerque’s Turnaround
YES Housing’s Chris Baca sheds light upon the metro’s growing multifamily sector and explains how investing in an emerging market can entice businesses to the area, bring jobs and add value to the entire community.
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Albuquerque Multifamily Report – Summer 2019
The metro is also poised to become a presence in the movie industry, due to major moves made by Netflix and NBCUniversal.
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Albuquerque Community Changes Hands
Cooper Street Capital financed the acquisition of the 154-unit Lexington Place with a $7.9 million, 5-year acquisition loan from Washington Federal.
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Multifamily Investment: What Fuels Albuquerque’s Climb?
With employers such as Facebook, Netflix and NBC Universal moving in, the metro is becoming attractive for young professionals. HiCap Management’s Joseph Baum and Benjamin Sandel offer insights into this dynamic market.
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Investors Capital Group Sells 264 Units in Albuquerque
Completed in 2000, the sale marks only the second time Canon de Arrowhead traded. JLL originated a $15.8 million acquisition loan for the buyer.
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Affordable Community Breaks Ground in Albuquerque
Nuevo Atrisco's multifamily component of 88 units is scheduled for completion in the first half of 2020. The development also features 30,000 square feet of commercial space and a community center.
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Albuquerque Housing Project Advances with Phase 2
The Highlands is a 12-acre master-planned development featuring eight components, including two residential communities, a Marriott SpringHill Suites Hotel and more than 40,000 square feet of retail and dining.
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Albuquerque Multifamily Report – Winter 2019
Large investments in the area have brought the metro’s job growth in line with the U.S. average for the first time this cycle, boosting rental demand along the way.
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Albuquerque Hotel Set for Multifamily Conversion
The owner of the former Wyndham Albuquerque Hotel and Conference Center will complete the first phase of the 130-unit project by the end of the year.
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Employment Regains Momentum in Albuquerque
As job creation continues at an above-trend rate, the metro’s relative affordability could prompt migration into the state, bolstering multifamily demand.
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Hamilton Zanze Trades ABQ Community
Thayer Manca Residential acquired the 264-unit Class B community, with Zions Bank providing more than $25 million in acquisition financing.
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Peak Capital Acquires NM Asset
KeyBank provided the buyer of the 120-unit, Class B multifamily property with more than $11 million in Fannie Mae financing.