Colorado-based Investor Serves the Duke City
Monarch Investment and Management Group picked up a New Mexico multifamily community that has been owned by TGM Associates for nearly two decades.
By Anca Gagiuc, Associate Editor
Sedona Ridge Community
East coast-headquartered SEC registered investment advisory firm TGM Associates L.P. shook hands with Monarch Investment and Management Group of Franktown, CO in a deal involving a multifamily property in New Mexico.
Sedona Ridge multifamily community has been under TGM’s ownership since 1996. The broker on the transaction was William Hahn, executive vice president of Colliers International. Terms of the transaction remain undisclosed.
William Hahn – Executive Vice President, Greater Phoenix – Colliers International
The residential complex is located in the Northeast Heights community of Albuquerque, at 3400 Wyoming Blvd. NE. Close to I-40 and the TRAM, Sedona Ridge is also near shopping options including Walmart, Target, Hastings, Walgreens, Albertsons, and the Coronado Mall. Entertainment venues in the vicinity include Arroyo Del Oso Golf Course, the Albuquerque Aquarium, the Albuquerque Biopark, and the Rio Grande Nature Center.
Sedona Ridge multifamily community offers 339 upgraded one-, two-, and three-bedroom floor plans ranging in size from 485 square feet to 1,290 square feet. Community amenities include outdoor and heated indoor swimming pools, fitness center, playground, picnic area, clubhouse, and concierge-type services.
Image courtesy of TGM Sedona Ridge.
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