Albuquerque
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.