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January 9, 2020

Thayer Manca active in New Mexico

Local firm Thayer Manca Residential announced its December purchase of the 280-unit Mirabella Heights in Albuquerque. Terms weren't disclosed, but TMR is planning $4.7 million in renovations. The investment brings its New Mexico portfolio up to three multifamily properties with 763 units, which it values at $100 million. Bruce Thayer said in a statement, “This is our third transaction in Albuquerque in the last 16 months. The historical stability of this market, in concert with its more recent economic growth, furthers our confidence in our acquisitions strategy in New Mexico.”




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