Multifamily news in Deals - 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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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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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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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.
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Top 10 Multifamily Loans Originated in Albuquerque
Heightened multifamily sales activity in the metro during the first three quarters has led to a boost in lending, with several investors securing Fannie Mae and Freddie Mac financing to cover their acquisitions.
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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.
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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.
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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.
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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.
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Gelt Enters Albuquerque Market
The company purchased Mountain Run Apartments from Chartwell Capital Partners and has plans to renovate and upgrade the amenity spaces.
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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.
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CPP Begins Renovation on 205 Affordable New Mexico Homes
The company teamed up with Western States Housing and the U.S. Dept. of Agriculture to renovate six affordable housing communities in New Mexico.
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CBRE Secures Refi for Duke City Apartment Community
Prime Residential secured a $15.5 million refi through CBRE Capital Markets for an Albuquerque apartment community.