Multifamily news in Albuquerque

On the Market: 4 Interesting Listings for the Week of 9/10
This week's listings include a box factory that was remodeled into multifamily in 2017, located in Richmond's Manchester neighborhood, as well as a property in Albuquerque that presents a unique opportunity.
Market Rate
Albuquerque Seeks Solid Ground
A slow population growth, scarcity of new inventory and modest employment gains continue to position the metro’s multifamily market among the weakest in the country.
News
YES Housing Launches Affordable Development in ABQ
Plans for the mixed-use project—anticipated to open in 2020—call for 88 apartments and between 80,000 and 90,000 square feet of retail.
Affordable

  • Another Affordable Property Opens in ABQ

    Sterling Downtown is the first WELL-registered multifamily property in the Southwest. The property was designed to achieve LEED Platinum certification.

    13 July 2018 12:51

  • Affordable Albuquerque Community Opens Doors

    The Village at Avalon, containing 240 units, broke ground in early 2016. GSL Properties utilized nearly $20 million in revenue bonds to finance construction.

    13 July 2018 12:05

  • AMG Realty Trades 512-Unit NM Property

    The buyer funded the acquisition of the Class C community with a $14.3 million Fannie Mae mortgage provided by Arbor Realty Trust.

    13 July 2018 10:56

  • NorthMarq Multifamily Brokers 120-Unit NM Sale

    The community represents the buyer's first acquisition in Albuquerque. The 10-building asset traded for $7.5 million, with Berkadia arranging the Freddie Mac acquisition financing.

    27 June 2018 14:39

  • Capital One Arranges $11M Refi for NM Senior Housing

    Wheatfields Senior Living Community in Clovis comprises 101 beds across five detached independent living cottages, as well as the assisted living building that was completed in 2011.

    06 March 2018 16:34

  • Albuquerque Struggles on Recovery Path

    Despite a slowdown in 2017, the metro’s multifamily market performance is in line with its historical averages. Core submarkets are leading growth, while the suburbs gradually recover from the most recent downturn.

    27 February 2018 19:44

  • Capstone Expands TX Footprint

    The 10th-largest affordable housing management company added more than 800 apartment units to its portfolio, extending its reach to nearly 80 cities.

    01 February 2018 14:52

  • Texas Investor Buys Albuquerque Community

    The 456-unit community has access to several major employers, including one of six Facebook data centers currently under construction south of Duke City.

    04 January 2018 08:31

  • Capital One Provides $25M for Albuquerque Property

    Albuquerque Meadows is a 430-unit, age-restricted manufactured housing community that includes a clubhouse, pool, and arts and crafts center.

    30 November 2017 15:52

  • Albuquerque: Duke City Strives to End Woes

    The metro has one of the highest unemployment rates in the nation and moderate population growth, yet its real estate fundamentals continue to lag those of neighboring areas.

    26 October 2017 14:35

  • 10 Markets with the Lowest Expected Supply Growth

    The multifamily industry has experienced a recent boom. But with a risk of oversaturation in some markets, development is slowing and deliveries are expected to peak.

    18 July 2017 15:51

  • Albuquerque: On the Mend

    The area's multifamily market is held back by a persistent struggle with a sluggish labor market. Despite being the hub of New Mexico’s technology corridor, the metro has experienced only modest population and employment growth throughout the recent economic expansion.

    06 July 2017 13:02

  • Gelt Enters Albuquerque Market

    The company purchased Mountain Run Apartments from Chartwell Capital Partners and has plans to renovate and upgrade the amenity spaces.

    27 June 2017 15:59

  • CareTrust REIT Buys Skilled Nursing Facilities in NM, TX

    The newly constructed properties are leased to affiliates of OnPointe Health LLC, and were acquired from a Texas developer for some $27.3 million.

    07 June 2017 13:29

  • Albuquerque Project Targets Homeless Crisis

    Scheduled for completion by fall 2017, the 52-unit expansion sponsored by the Joy Junction ministry will increase capacity at the largest facility of its kind in New Mexico.

    17 May 2017 16:35