Company

AMREP Southwest, Inc. is the principal developer of the city of Rio Rancho, adjoining Albuquerque, New Mexico. We develop property for commercial, residential and industrial utilization. Investors, builders and companies are welcome to take a tour through available properties and locations.

AMREP currently owns approximately 17,000 acres in Rio Rancho, of which approximately 4,400 acres are in contiguous blocks which are being developed or are suitable for development and approximately 5,200 acres are in areas with a high concentration of…

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AMREP NEWS

Metro- area home sales up 15.6%

With inventory tight in the Albuquerque area, monthly sales of detached, single-family homes still topped the 600-plus mark for February, a 15.6 percent increase over the same period last year and the most homes sold in February since 2007, according to the Greater Albuquerque Association of Realtors. The association reported Thursday that 638 homes sold in February. The busiest...

Howard Friedman Passes

Friedman served as AMREP Corp’s President, CEO, treasurer and board chairman before retiring in 1991....

Owner of Rio Rancho’s Mariposa says development poised for a comeback

Last year, the Scottsdale-based real estate investment and development firm Harvard Investments bought Rio Rancho’s 1,600-acre master-planned community Mariposa. With a reputation of buying and investing in distressed communities, the purchase of Mariposa was Harvard’s first time working in the New Mexico market. Some Mariposa homeowners faced challenges after its previous developer left the project in 2012. Some were...

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