Log In/Sign Up
Your email has been sent.
Student Housing Near Eastern New Mexico 2 Multifamily Properties Online Auction Sale Multiple Locations
Investment Highlights
- Rare chance to acquire a 487-bed, 198-unit student housing portfolio spanning two communities with stabilized occupancy and turnkey rental income.
- Positioned on ENMU campuses with long-term demand for student housing, providing near-exclusive occupancy through consistent enrollment.
- 95% occupancy, local staff, and high upside, provide a very rare Cap-Rate and ROI potential for investors, 1031 exchange, and private equity groups.
- Diverse unit mix and updated amenities, in supply-constrained market at an extremely attractive basis from sellers who do not operate in this region.
- Owners have invested $4m+ in Capex over the last few years, resulting in no deferred maintenance required – all the heavy lifting has been done.
- Recent improvements to fitness centers, clubhouse, pool, volleyball court, and parking, providing off-campus amenities at an on-campus location.
Executive Summary
Discover this exceptional student housing investment portfolio, which features two stabilized multifamily communities totaling 198 units, 487 beds, and 229,765 square feet across Portales and Roswell, New Mexico. Both properties were built in 2007 and are strategically located on the campuses of Eastern New Mexico University and Eastern New Mexico Roswell. San Juan Village at 1100 West. 17th Street in Portales, and Sierra Vista Village at 28 West Martin Street in Roswell offer investors a rare opportunity to acquire a turnkey student housing portfolio with established occupancy, immediate rental income, and future value-add potential. Supported by stable university enrollment trends, including growth in Spring 2026 enrollment, the portfolio benefits from extremely limited supply and consistent student housing demand generated by thousands of students attending Eastern New Mexico University each year.
San Juan Village encompasses 130,740 square feet on a 12.27-acre site and comprises five apartment buildings with 90 units, offering a diverse mix of 1-, 2-, and 4-bedroom floor plans. The community is ideally located on the campus of Eastern New Mexico University, approximately 1.5 miles from Roosevelt General Hospital. It offers convenient access to Highway 70, major retailers, restaurants, grocery stores, and everyday lifestyle amenities serving a local population of more than 17,000 residents. Community amenities include a clubhouse, fitness center, swimming pool, movie room, volleyball court, and ample on-site parking,
Sierra Vista Village comprises 99,025 square feet on a 5.88-acre site and includes 108 apartment units located on the campus of Eastern New Mexico University-Roswell. The property benefits from strong visibility and accessibility with proximity to Highway 285, Roswell Air Center, major employers, retail services, and dining destinations. Residents enjoy access to a clubhouse, 6-hole mini golf, and a state-of-the-art fitness center featuring strength equipment, cardio machines, and free weights, creating an attractive living environment for students seeking convenience, affordability, and modern amenities.
This New Mexico student housing portfolio presents an attractive acquisition opportunity for multifamily investors, private equity groups, REITs, and 1031 exchange buyers seeking stable cash flow backed by university-driven demand. With all the “heavy lifting” capex completed, established occupancy, turnkey operations, excellent local management, institutional-quality amenities, and opportunities for future revenue enhancement, San Juan Village and Sierra Vista Village represent a very compelling investment in the growing student housing sector of Eastern New Mexico.
San Juan Village encompasses 130,740 square feet on a 12.27-acre site and comprises five apartment buildings with 90 units, offering a diverse mix of 1-, 2-, and 4-bedroom floor plans. The community is ideally located on the campus of Eastern New Mexico University, approximately 1.5 miles from Roosevelt General Hospital. It offers convenient access to Highway 70, major retailers, restaurants, grocery stores, and everyday lifestyle amenities serving a local population of more than 17,000 residents. Community amenities include a clubhouse, fitness center, swimming pool, movie room, volleyball court, and ample on-site parking,
Sierra Vista Village comprises 99,025 square feet on a 5.88-acre site and includes 108 apartment units located on the campus of Eastern New Mexico University-Roswell. The property benefits from strong visibility and accessibility with proximity to Highway 285, Roswell Air Center, major employers, retail services, and dining destinations. Residents enjoy access to a clubhouse, 6-hole mini golf, and a state-of-the-art fitness center featuring strength equipment, cardio machines, and free weights, creating an attractive living environment for students seeking convenience, affordability, and modern amenities.
This New Mexico student housing portfolio presents an attractive acquisition opportunity for multifamily investors, private equity groups, REITs, and 1031 exchange buyers seeking stable cash flow backed by university-driven demand. With all the “heavy lifting” capex completed, established occupancy, turnkey operations, excellent local management, institutional-quality amenities, and opportunities for future revenue enhancement, San Juan Village and Sierra Vista Village represent a very compelling investment in the growing student housing sector of Eastern New Mexico.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Title and Insurance
Property Facts
| Sale Condition | Auction Sale | Number of Properties | 2 |
| Type of Ownership | Fee Simple | Total Building Size | 229,765 SF |
| Sale Type | Investment | Total Land Area | 18.15 AC |
| Status | Active |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Total Building Size | 229,765 SF |
| Total Land Area | 18.15 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built |
|---|---|---|---|
|
San Juan Village
1500 S Avenue K, Portales, NM 88130 |
Multifamily | 130,740 SF | 2007 |
|
Sierra Vista Village
28 W Martin St, Roswell, NM 88203 |
Multifamily | 99,025 SF | 2007 |
Sale Advisors
Sale Advisors
Ben Harkrider,
Managing Director
Ben Harkrider is a Director for Newmark’s Student Housing group. In this role, he is responsible for facilitating client relationships, business development, pricing and marketing strategy, and overseeing the communication and organization of all student housing investment sales transactions. Harkrider is actively involved throughout the entire disposition process, from producing marketing materials and reports to assisting through due diligence. Harkrider previously led financial analyses for the Newmark Student Housing group, where he was responsible for the comprehensive analysis of over $30 billion of investment-grade student housing assets and the production of the team’s annual market reports.
Ryan Lang, Vice Chairman-Multifamily Capital Markets
Ryan Lang, Vice Chairman and head of Newmark Student Housing, spearheads best-in-class investment sales, capital markets and advisory services on behalf of the firm’s clients. He has represented many of the largest global institutional, public and private real estate companies and has completed approximately $26 billion in real estate transactions. Prior to joining Newmark, Lang was Vice President with CBRE’s National Student Housing Group, helping lead their team to number one market share position in the country. Before that, Lang was Director of Multifamily Investments for New Orleans-based Stirling Properties where he specialized in the sale of conventional and student housing assets. While there, he was recognized as the top investment sales broker at Stirling Properties for both 2011 and 2012. Lang began his real estate career in New York City at Marcus & Millichap where he gained experience in seller representation, acquisitions and investment underwriting. During his first year there, his investment team was recognized as the number one top-earning team in the office. Lang was named to the Newmark Chairman’s Circle in recognition of being one of the top-producing brokers in the entire company, and he regularly speaks at acclaimed real estate events throughout North America and Europe. Lang has been featured in the Wall Street Journal and on National Public Radio for his expertise and leadership within the sector. In 2022, Lang was named the number one multifamily capital markets producer at Newmark and was honored as an Austin Under 40 award recipient. He serves on the board of directors of the National Brain Tumor Society, the largest non-profit brain cancer organization in the world. Lang is also on the advisory board of the University of Florida’s Bergstrom School of Real Estate.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
Read More
Auction Contact
John Artozqui
Contact
Auctioneer License:
Ten-X Jessica Figueroa RE Brker 20659 (888) 952-6393
Contacts
-
Ben
Harkrider
-
Ryan
Lang
-
Gershon Eichorn Gershon Eichorn -
Gershon Eichorn Gershon Eichorn
-
Gan Equities LLC Zalman Glick
-
Christopher
Zogg
-
Newmark
1 of 41
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
Presented by
Student Housing Near Eastern New Mexico
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.