Thayer Manca Receives $26M Refi for New Mexico Property

The 264-unit Circ Apartments in Albuquerque has undergone a $4.1 million interior and exterior remodeling process.

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.

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.

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.

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.

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.

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.

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.

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.

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.