Multifamily news in Market Rate Housing - Albuquerque
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
NM Development Lands Tax Relief
The Albuquerque City Council approved the metropolitan redevelopment bond to support construction of the 226-unit Broadstone Northpoint Apartments, which broke ground in early 2017.
-
Titan Development Proposes ABQ Community
The company’s plans call for the addition of 102 market-rate apartments, adding to the Midtown/University submarket’s existing supply of 3,700 units.
-
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.
-
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.
-
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.