Seminole Financial Services announces today the closing of equity financing in the amount of $11.304 Million to fund the construction of a cottage-style 162-unit (786-bed) student housing community serving students at the University of New Mexico, known as The Cottages of Albuquerque located in Albuquerque, New Mexico. The project will be situated on a 21-acre parcel in the southern portion of Albuquerque, New Mexico, approximately three miles from the academic center of the University of New Mexico’s central campus. Using thirteen different “cottage-style” designs of varying sizes, including standalone cottages, duplex cottages and townhouse, the master plan of the neighborhood will also feature numerous open space areas surrounded by regionally-appropriate landscaping.
Founded in 1889 as New Mexico’s flagship institution, the University of New Mexico is the state’s largest post-secondary school in terms of enrollment. UNM is a public research university with more than 29,000 students at the school’s main campus, and includes 12 colleges and schools across a total of six campus locations (including the main campus in Albuquerque).