Press Release, April 30, 2019

CALCAP Advisors Acquires Sandia Valley Apartments- Alburquerque, NM

For Immediate Release:

CALCAP Advisors Acquires Sandia Valley Apartments –
Albuquerque, NM

CALCAP Advisors, a Pasadena based real estate investment company, is pleased to announce the acquisition of the 216-unit Sandia Valley Apartments at 8200 Bridge Boulevard SW, Albuquerque, NM 87121. CALCAP acquired the multi-family property for $15,250,000 ($70,602/unit & $77/PSF), on April 30, 2019. Sandia Valley was originally constructed as a LIHTC property, in 1996 and 1997, but was subsequently converted to market-rate apartments. The 16.47 acre site consist of a 23 one and two-story buildings, including a clubhouse building, fitness center, on-site laundry facility, basketball/volleyball courts, and a pool area.

Sandia Valley marks CALCAP’s second multi-family acquisition in New Mexico.

For more information please contact Drew Buccino, COO of CALCAP Advisors at 602-419-3381 or e mail investorrelations@calcapadvisors.com for more information.

 

About CALCAP Advisors

California Capital Real Estate Advisors, Inc., and its affiliate entities (CALCAP Asset Management I, CALCAP Properties, CALCAP Lending, and CALCAP Senior Healthcare I, collectively known as “CALCAP”), is a California based investment company founded and 2008 and headquartered in Pasadena, California. The Company sponsors alternative real estate investment opportunities focused on demographically driven housing. CALCAP has been able to consistently provide both individual and institutional investors with outstanding returns over the last 10 years. The Company’s core strategies look to actively create alpha for investors while managing risk. CALCAP currently has over $250mm in Assets Under Management. To learn more visit www.calcapadvisors.com.

Social Mission

CALCAP has created the CALCAP CARES program to encourage employees to find a way to give back to the neighborhoods where we invest. CALCAP has created “GiveTime4Autism” as its initial program which will allow employees the ability to donate unused vacation and sick days for a very worthy cause.

For more information, contact Susan Rangel at 626-208-8237 or e mail investorrelations@calcapadvisors.com.

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