Uptown Square in Albuquerque, NM

Uptown Square is a 122-unit apartment property built in 1976 and located in Albuquerque, New Mexico.  The property consists of two 7 story buildings containing 68 one bedroom and 54 two bedroom units.   The transaction closed in January of 2008.   The goal was to renovate all the common areas and a large percentage of the units, taking it from a C property to a B.   To date, over 70% of total units have been renovated at varied rent premiums.