Real Estate Investors Equity Corp acquires San Felipe Plaza I, 2101 Mountain Road, NW

ALBUQUERQUE, N.M. - June 22, 2015 - PRLog -- Real Estate Investors Equity Corp today announced the acquisition of San Felipe Plaza I at 2101 Mountain Road, NW located in historic Albuquerque Old Town. Part of the mixed – use project which has six buildings that share common areas that include sidewalks, plazas and a parking garage.

2101 Mountain Rd NW is a 16,056 square foot Class A Office Building that is 100% leased on a triple net basis. The tenants are First National Bank and Studio Southwest Architects. Leases have annual escalations. Located near the intersection of Mountain Rd and Rio Grande Blvd, the site is easily accessible from Interstate 40, with on/off ramp access less than 1/2 mile from the property. The project is located in close proximity to Downtown and public transportation.  In addition to the historical attractions of Old Town, there are numerous restaurants, hotels and retailers within a walkable distance. The property is located directly north of the Albuquerque Museum and within easy walking distance to the Museum of Natural History and Explora Children’s Science Museum

"We believe the cities of the future are those that understand the value of collaboration to grow new high wage jobs and economic development stemming from university research innovation and commercialization” said James P. McNamara Chairman and President of Real Estate Investors Equity Corp. “We focus our investment on institutional grade commercial properties that are positioned to benefit from that growth while also encouraging livability at a sustainable level.”  .

Long term financing for the acquisition was provided by First National Rio Grande.  “As a tenant of the property, First National Rio Grande is pleased to also providethe long term financing for this acquisition,” says Michelle Coons, President of First National Rio Grande and First National Santa Fe. “This deal epitomizes our local decision making and keeping the financing within the state.”

Real Estate Investors Equity Corp. will act as Asset and Property Management Services for the property.

About us:

Real Estate Investors Equity Corp, is based in Denver, Colorado. We are an online marketplace offering to small and medium-sized investors, the opportunity to invest in institutional grade commercial real estate. We offer investment opportunities in a variety of structures that can accommodate direct investment, safe harbor IRS §1031 Tax Deferred Exchanges, Fractional Ownership Interests, Delaware Statutory Trusts and 401K self-directed investments.  Additional information regarding investment opportunities can be obtained through www.realestateinvestorsequity.com.

The firm’s leadership has more than 130 years of combined experience in the commercial real estate industry, leasing, sales, finance, marketing, property management and taxation.

REI Equity’s property offerings are completely investigated and have completed an extensive due diligence process. Contact Sandie McNamara (504) 331-0722 or sandie@reiequity.com.

First National Rio Grande - As the first bank in the Southwest, the Bank’s charter represents a rich heritage of community commitment and financial strength and stability dating back to 1870. With approximately $1.7 billion in assets (as of March 31, 2015), First National is the largest locally-chartered banking organization in the state of New Mexico operating as First National Rio Grande and First National Santa Fe. In Colorado, the Bank operates as First National Denver. The Bank offers a broad-range of commercial banking and lending solutions, Treasury Management services and Private Banking and Wealth Management services. First National has twenty-five branch locations in New Mexico and Colorado, a corridor of economic growth that is critical to the success and future of the Southwest. For more information, visit the Bank’s website at www.firstnationalriogrande.com. Contact Alex Clarke (505) 219-3007 or aclarke@firstnational1870.com.