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Thayer Manca Residential Acquires Fifth Albuquerque Apartment Community

TMR Grabs Fifth Albuquerque Apartment Community

Seattle-based Thayer Manca Residential (TMR) has expanded its multifamily portfolio in Albuquerque, NM by acquiring The Village at Tierra Antigua. The 156-unit community is TMR’s fifth property in Albuquerque and the fourth through its $88 million, TMR Value-Add Multifamily Fund 1.

“We can’t help but be excited about this great asset,” said TMR’s Joe Manca. “Tierra Antigua brings our portfolio in the market to over 1,000 units. It’s condo-style build with attached garages and large floorplans fits perfectly into our product mix in the market.”

The Village at Tierra Antigua is located in an area that offers some of Albuquerque’s best schools, dynamic retail and entertainment and great access to outdoor recreation activities. TMR plans to spend $2.9 million in renovations to the units, clubhouse, fitness center and outdoor amenity spaces. The firm will also add package lockers and a pet park.

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Thayer Manca Residential (TMR)The Village at Tierra Antigua

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

  • ◦Sale/Acquisition
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