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May 21, 2024
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TriWest Multifamily Buys 312-Unit Res Community in Albuquerque


TriWest Multifamily has acquired Monterra Apartments, a 312-unit residential community located at 4217 Louisiana Blvd NE in Albuquerque, New Mexico. The property was purchased in an off-market transaction from Vukota Capital Management.

Built in 1971, Monterra Apartments features 132 one-bedroom/one-bathroom units, 96 two-bedroom/one-bathroom units and 84 two-bedroom/two-bathroom units. Each unit is complete with stainless steel appliances, dishwasher, granite countertops, washer and dryer and air conditioning. Community amenities include a clubhouse, pet play area, business center, lounge and playground.

TriWest will begin immediately on making improvements to the property that will include improving the landscaping, expanding the fitness center and painting the exterior, among others. The firm also plans to improve community amenities like the pool, barbecue area and dog park.

TriWest Multifamily handled the transaction in-house. The seller was represented by David Suah of Sub Sahara Group. A price was not given out.

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