Cavern City Apartments

Summary

Cavern City Apartments are currently under development. This project capitalizes on long-term development relationships with TMA and known multifamily supply constraints in Carlsbad, NM to develop a 12 building, 120 unit ground-up multifamily project creating investor and community value.

Occupancy rates for apartments in Carlsbad, New Mexico from August of 2018 to February of 2020 have averaged 98% even as additional supply is introduced into the market, with February 2020 occupancy rate at 98%, with 34 units available out of the total 1401 units. TMA is capitalizing on this opportunity leveraging their 50 year + track record of multi-family development, management, and sales to create a valuable return to investors.

Community Amenities
  • 24-hour maintenance
  • Business center
  • Controlled access gate
  • Swimming pool
  • Landscaped community
  • Optional covered parking
  • ADA units available
Unit Amenities
  • Spacious floorplans
  • Private patios
  • Full-size washer & dryers
  • Modern ceiling fans
  • Wood-type flooring
  • Microwaves & icemakers
  • Stainless steel appliances