The asset involved in the transaction is a built-for-rent community consisting of 128 units located at the SE Corner of 18th Street & 22nd Avenue in Rio Rancho, New Mexico. The total equity amount for the development is $10,000,000.

Summary of transaction details:

• Property Type: Built-for-Rent Homes
• Transaction Amount: $10,000,000
• Address: SE Corner of 18th Street & 22nd Avenue
• Market: Rio Rancho, New Mexico
• Units: 128
• Landlord: Robert Wall & Yariv Bensira - Verdot Capital
• Broker: Simon Goldstein - Buckingham Advisors

Simon Goldstein from Buckingham Advisors facilitated the equity placement for this development project aimed at creating a community of single-family rental homes. The involvement of Verdot Capital, represented by Robert Wall and Yariv Bensira, highlights notable players in this transaction.