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Circ

Albuquerque, NM

Circ

Overview

Location

Albuquerque, NM

Acquired

2018

Units

264

Acquisition Price

$32,581,658

Capital

$11,800,000

Status

Holding

Circ, formerly named Ventana Canyon, is a well-located 264 unit apartment community located in Albuquerque, NM. Despite its contemporary architecture and large 1, 2 and 3 bedroom floor plans, the property had dated 1990’s-era interior styling, fixtures, appliances and finishes when acquired. Circ’s high visibility location – within walking distance to shops and services – together with unfulfilled demand for upscale rentals in the market, provides a classic opportunity to materially increase rents and property value. Utilizing TMR’s signature renovations, creative rebranding and hands-on management style Circ will compete with the top properties in its Cottonwood Heights sub-market.

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