CBRE, one of the world’s largest real estate investment managers, has listed part of the IBI portfolio for sale (480 units). The bid date has yet to be set. For more information, contact Skylar Audesirk and go to CBRE’s current listings of affordable housing.
IBI’s next affordable housing property, Keystone, is to begin construction in January 2017. The property is located at 1331 Pullman Drive on the east side of El Paso. This fifty-two unit property will feature a two-story contemporary design, a clubhouse with fitness center, a swimming pool, and covered parking. Keystone was designed by Wright & Dalbin Architects. IBI’s Roy Lopez will project manage and Keystone is estimated to be completed in December of 2017.
Cumbre, an impressive market rate development from Investment Builders Inc., will be completed in the summer of 2017. The property, located at 239 Shasta Drive, will add 24 (of a future 48) units to El Paso’s west side. This mountain development will have city views, a clubhouse with fitness center, and a lap pool. Construction began in October 2016 and the project is managed by IBI’s Roy Lopez. Wright & Dalbin Architects provided the building design. For more information on the property please contact Investment Builders.
EL PASO, TEXAS — Clear Sky EBH has purchased the 108-unit Villas at Helen of Troy apartments located at 1325 Northwestern Drive in El Paso. Villas at Helen of Troy Partners LP was the seller. Bill Hahn, Jeff Sherman and Trevor Koskovich of Colliers International’s Phoenix office brokered the transaction. Maricopa County records show the buyer acquired the property with a new loan arranged by Walker & Dunlop’s Phoenix office. The complex was built in 2013. – Haisten Willis
Colliers International Arranges Sale of Villas at Helen of Troy in El Paso
The Tuscany at Mesa Hills, a luxury, resort style property developed and built by Investment Builders Inc. was sold by IBI. The property consists of 369 units to include a total of six floor plans and one, two, and three bedrooms to choose from. The company will continue to develop market rate properties in the city of El Paso and plans to break ground on at least 2 new affordable housing properties in the next 3 years.
There are approximately 92,000 people living in El Paso who are over the age of 65. Investment Builders continues to develop properties for the elderly citizens of El Paso. To date, the company has developed 8 properties and over 350 units in the El Paso area and will continue to do so, supporting the needs of some of the most valuable members of our community. Properties developed by Investment Builders for seniors include:
Hillside – El Paso, Texas
Woodchase – El Paso, Texas
Lee Seniors – 2965 Lee Blvd, El Paso, Texas, 79936
Parkside Senior Community – 11530 Vista Del Sol Dr, El Paso, Texas, 79936
Santa Lucia Housing – El Paso
Western Carolina – 900 N Carolina Dr, El Paso, Texas, 79915
Western Crosby – 5010 Raymond Telles Drive, El Paso, Texas, 79924
Western Eastside Seniors – 2975 Lee Blvd, El Paso, TX 79936
Investment Builders, Inc. (IBI), a locally owned real estate investment, development and construction company, is hosting a groundbreaking ceremony to commemorate the start of the construction process for Casitas Del Este Apartments on Thursday, November 15th at 1:30 p.m. at 1331 Pullman Drive.
Casitas Del Este will be El Paso’s newest resort-style apartments located on the Eastside of El Paso. The new market-rate apartments will accommodate the growing number of families in the area. In partnership with IBI, the project is financed by First National Bank of Fabens and Rio Bravo Title.
Ike Monty, President of IBI stated, “Casitas Del Este will be a unique and luxurious place to call home. We are excited to build superior quality apartments that members of our community will be proud to live in.”
Casitas Del Estate will feature 152 units of one, two and three bedroom homes. The apartments will have resort-style features including roman & over-sized bathtubs, upgraded cabinetry and counter-tops, covered balcony/patio, large walk-in closets and more. Apartment site amenities will include swimming pool & Jacuzzi, tennis courts, dog parks, jogging trail, covered parking, shaded playground, controlled security gated community access and much more.
EL PASO – November 1, 2012, Investment Builders, Inc. (IBI), a locally owned real estate investment, development and construction company, is pleased to announce the grand opening of Spanish Villas Apartment homes on Saturday, November 3, 2012. The market rate apartment complex is located at 620 North Lee Trevino Drive.
Spanish Villas have lifestyle features including Energy Star® appliances, fitness center, playground area, swimming pool and more. The 30-unit apartment homes feature 1 bedroom, 1 bath and 2 bedroom, 2 bath floor plans. Ike Monty, President of IBI stated, “We are pleased to build top-quality apartment homes with outstanding amenities for our community. There is a critical shortage of multi-family housing in El Paso and IBI is working to fix that.”
For leasing information on Spanish Villas, please contact Veronica Corona at 915-595-6119.
EL PASO – October 12, 2012, Investment Builders, Inc. (IBI), a locally-owned real estate investment, development, and construction company, would like to congratulate Maria Espinoza and Martha Gomez on their membership into he Texas Affiliation of Affordable Housing Providers. TAAHP is the leading organization of affordable housing professionals in the state of Texas representing the affordable housing industry. It is dedicated to working for laws, policies, regulations and programs that are vital for the development of quality affordable housing for all Texans.
Maria Espinoza is one of the company’s Due Diligence Coordinators and has been with IBI since 1998. She oversees all aspects of the Tax Credit programs, HOME Investment Partnerships Program and Bond application proposals to the Texas Department of Housing and Community Affairs and the Arizona Department of Housing. Ms. Espinoza has a Bachelor of Business Administration in Finance and Management from The University of Texas at El Paso.
Martha Gomez is also one of the company’s Due Diligence Coordinators and has been with IBI for more than 9 years. She works closely with team members to prepare and submit Housing Tax Credits, HOME Investment Partnership documents and Bond application proposals to the Texas Department of Housing and Community Affairs and the Arizona Department of Housing. Ms. Gomez has a Bachelor of Business Administration in Management and Marketing from The University of Texas at El Paso. Ike Monty, President of IBI stated, “We are thrilled to have members of our team join this outstanding organization that helps fellow Texans with affordable housing needs.”
