Aspen Ridge

Description

A 96-unit stabilized LIHTC property located in Albuquerque, New Mexico. At a 7.1% cap rate, the
property has potential to generate above-market returns. The near term strategy is to secure more
attractive financing to displace the current high interest HUD loan by mid-2017, resulting in higher cash flow and yields.

City
Albuquerque
State
New Mexico
Aquisition date
February 2016
Number of units
96
Surface area
9523 m2
Fair value
6.9 Mio USD