Park Place is a 292 unit garden apartment property close to the New Mexico State University and Memorial General Hospital in Las Cruces. Situated on 11.3 acres, the 19 two-storey apartment buildings were built in two phases in 1989 and 1991. In addition to the apartment buildings, the property has an office and clubhouse building complete with party room, two swimming pools, spa, barbecue grills, a fitness center and sports court, two laundry facilities, and a children’s playground. Tenants include a large proportion of students and retirees. The property was acquired in 1997 and sold in 2003.