California-based investment group, Tailwind Investment Group has acquired the active adult community Vista Grande in Rio Rancho, New Mexico. Built in 1972, the community comprises 168 units and sits on 11 acres just outside of Albuquerque. Cooper Street Capital (the seller) utilized Northmarq Investment Sales to help them sell the fully leased community.
Tailwind purchased the asset with the intention of making renovations to the property as well as planning for future acquisitions in New Mexico. The location of Rio Rancho appealed to Tailwind because about 100,000 people in the area hold a median household income about 20 percent higher than the rest of the Albuquerque metro area. Cynthia Meister, Trevor Koskovich, Bill Hahn, and Jesse Hudson of Northmarq handled the transaction.
