Casa Tierra

Casa Tierra | 122 Units | Built 1972 / 1974


Presario Ventures acquired Casa Tierra in early 2017 with a Fannie Mae loan provided by CBRE. The property is a 122-unit Class B+ asset located in the heart of one of Albuquerque’s most desirable submarkets. The business plan was to cure deferred maintenance and capex items and conduct light interior renovations, stabilizing the asset for investor cash flow. This value-add opportunity allowed the partnership to provide updated property amenities and full remodels to approximately 40% of the units. Upon completion of the business plan, the disposition was finalized in January 2020.

Interested in this type of investment, complete this form to be added to Presario’s Preferred Investor List.

Location

Albuquerque, New Mexico

Category

Multifamily

Status

Sold

Category
Multifamily