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.
Canyon Village

Peak Capital Partners has acquired Canyon Village, a 120-unit Class B community in Los Alamos, N.M., from a private investor. The buyer landed $11.2 million in Fannie Mae acquisition financing originated by KeyBank, according to Yardi Matrix.

Located at 3200 Canyon Road, the community is positioned less than 1 mile away from the Los Alamos Medical Center, with the downtown area. Public transportation links the town with Santa Fe, 30 miles away.

Canyon Village contains a mix of one- and two-bedroom apartments, with floorplans ranging from 654 to 971 square feet. Community amenities include a fitness center, a playground, laundry facilities and a business center. The property was 95.8 percent occupied as of October, per Yardi Matrix data.

In July, AMG Realty drew on $14.3 million in Fannie Mae acquisition funding to purchase a Class C community in Albuquerque.

Image courtesy of Yardi Matrix