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Thoughts for January 2005 The City’s adoption of the planned growth strategy and impact fees coupled with a lack of available multifamily zoned land has led to a decrease in permits for 2004 and 2005. Increasing employment in the MSA is creating demand that outstrips supply by a 2 to 1 ratio, which in turn ratchets up the occupancy an additional 1% per year. |
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This document is for the sole use of NM Apartment Advisors only. Duplication is allowed in entirety and with prior approval from Todd Clarke CCIM (505) 440-TODD. www.nmapartment.com |
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Monthly Calendar of updates |
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January |
LIHTC Deadline 2/1/05 |
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February |
Property Tax Notices mailed |
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March |
Q1/Survey |
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April |
Fair Housing Month |
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May |
Property Tax Bill |
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June |
Q2/Survey |
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July |
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August |
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September |
Q3/Survey |
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October |
Mill Levy calculated |
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November |
Property Tax Bill |
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December |
Q4/Survey |
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Recent Sales |
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Rent Update—Q3/2004—75,307 units surveyed |
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Occupancy Update—Q3/2004—75,307 units surveyed |
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NM Apartment Database Summary of Info |
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# of communities : |
5,985 |
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# of Investors/Clients: |
5,605 |
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Gigabytes: |
6.48 |
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NM Apartment Advisors Update |
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# of listings : |
27 |
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Avail: |
14 |
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Pending: |
11 |
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Pending-Avail: |
40 |
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Total Units: |
520 |
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Total: |
$19,411,399 |
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Consulting Update: |
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# of Tax Protest Contracts: |
0 |
For 2005 |
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# Pending: |
4 |
Totaling 4,500 units |
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Resolved Cases |
272 |
Cases won, totaling 10,729 units, $384M—26% reduction |
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Current Assignments: |
2 |
Includes Sawmill Community Land Trust Artists Lofts—LIHTC (2004 award, 2005 construction) and Excel Spreadsheet development models for City of Albuquerque |
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