Vukota Real Estate Acquires La Entrada Apartment Homes Located in Albuquerque, New Mexico
28 September, 2017
September 28, 2017 – Vukota Real Estate is pleased to announce the acquisition of, La Entrada Apartment Homes, a 216 units and located in Albuquerque, New Mexico.
La Entrada Apartment Homes (216 Units) is located in Albuquerque’s strongest and most stable submarket, the prestigious Northeast Heights, with an average of 97.2% occupancy over the past five years. The property provides residents with ready-access to Albuquerque’s largest concentration of nearby retail, office, industrial, and recreational opportunities in a desirable neighborhood.
La Entrada has exhibited a strong leasing trend during the past 12 months with effective rents increasing over 2.9%, while occupancy has averaged over 92.5%. La Entrada also provides a similar ability to add revenue through a market supported value-add program with 52% of units renovated.