Texas Investor Buys Albuquerque Community
- Jan 04, 2018
CFH Investment Partners has acquired Diamond Mesa, a gated 456-unit, 72-building community located in southwest Albuquerque, from a private international investment company. CBRE represented the seller in the off-market transaction.
The property was built in 2015 on nearly 24 acres at 2300 Diamond Mesa Trail SW, near downtown Albuquerque and Interstate 40. Diamond Mesa offers easy access to several large employers, including one of six Facebook data centers currently underway south of Albuquerque.
The unit mix at the community comprises one- to four-bedroom floorplans ranging from 719 to 1,415 square feet. Common area amenities include a social lounge with game tables, resort-style pool area, fitness center, business center and a barbecue grilling area. All one-, two- and three-bedroom units include vaulted ceilings, spacious patios and balconies and full-size washers and dryers. Select units include walk-in closets and a separate laundry room.
“We are excited to add another high-quality property to the portfolio. Diamond Mesa presented the opportunity to acquire an attractively located long-term holding near major employment drivers,” Benoit Rochard, vice president at CFH Investment Partners, said in a prepared statement. “Our extensive operational experience will allow us to efficiently operate this property while improving the resident experience.”
CBRE’s Senior Vice President David Eagle represented the seller and Vice President Tony Stein was the mortgage broker for the transaction.
Image courtesy of CFH Investment Partners