an expanding
national
footprint

Lumen, formerly known as Mirabella Heights, was built in 2003 on a 13+ acre site in the Sandia Heights district of Albuquerque. The property benefits from an irreplaceable location immediately adjacent to Sandia National Laboratories and is just three blocks from Sandia Science and Technology Park.

Though well-maintained by the previous owner, the property’s apartment interiors, exterior appearance and overall marketing presentation were outdated. Tired common areas and worn-out amenities no longer met the expectations of modern, upper-tier apartment renters. With thousands of high-salaried employees nearby, Lumen was an ideal candidate for TMR’s strategic, repositioning program.

TMR has captured Lumen’s incredible untapped potential with a $4,700,000+ renovation that has delivered high-quality, upscale rental product to the area’s high-wage demographic.

Circ, formerly named Ventana Canyon, is a well-located 264 unit apartment community located in Albuquerque, NM. Despite its contemporary architecture and large 1, 2 and 3 bedroom floor plans, the property had dated 1990’s-era interior styling, fixtures, appliances and finishes when acquired. Circ’s high visibility location – within walking distance to shops and services – together with unfulfilled demand for upscale rentals in the market, provides a classic opportunity to materially increase rents and property value. Utilizing TMR’s signature renovations, creative rebranding and hands-on management style Circ will compete with the top properties in its Cottonwood Heights sub-market.

Originally named Presidio at Northeast Heights, this 200-unit apartment community enjoys outstanding street frontage on Eubank Boulevard in the N.E Heights district, considered by most to be Albuquerque’s best residential location. The property was built to Class A standards in 1992 by Trammel Crow, one of the nation’s top multifamily developers in the 1980’s and 90’s. At the time of TMR’s acquisition in 2018, Presidio’s apartment interiors and common facilities were many years overdue for replacement and modernization. In short, Presidio represented an ideal repositioning opportunity for TMR’s signature repositioning program.

Renamed Ottavo, shortly after renovations began, the property’s outstanding floor plans, expanded amenity package and beautifully renovated apartment interiors are achieving some of the highest rents in the submarket, while maintaining strong, occupancy. We have every confidence the property is on its way to recapturing its former prestige as one of Albuquerque’s top residential addresses.