Revere Capital Completes The Hill Apartments in Los Alamos

New 149-unit luxury community aims to address housing shortage near Los Alamos National Lab

Apr. 10, 2026 at 7:20pm

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A minimalist, photorealistic studio still life featuring a collection of polished, geometric objects in shades of gray, white, and silver, representing the modern, luxury apartment community of The Hill Apartments in Los Alamos, New Mexico.The Hill Apartments in Los Alamos brings a new era of luxury living to a community in need of high-quality housing options.Los Alamos Today

After taking over the project in June 2025 and working with local officials, Revere Capital has completed construction on The Hill Apartments, a $65+ million, 149-unit Class A apartment community in Los Alamos, New Mexico. The new development offers flexible leasing options and resort-style amenities to serve the growing housing needs of professionals and families in the area, including employees and interns at the nearby Los Alamos National Laboratory.

Why it matters

Los Alamos has faced an acute housing shortage as the workforce at the nearby national laboratory has expanded rapidly in recent years. The Hill Apartments aims to provide much-needed new housing options for LANL employees, summer interns, and other residents seeking high-quality living close to their workplaces.

The details

The Hill Apartments features one-, two-, and three-bedroom floor plans with amenities like a modern clubhouse, fitness center, resort-style pool, outdoor grilling areas, and electric vehicle charging stations. Revere Capital took over the project in June 2025 after previous delays, bringing additional capital and development expertise to push the $65+ million community to completion.

  • The Hill Apartments was completed in March 2026.
  • Revere Capital assumed control of the project in June 2025.

The players

Revere Capital

A private credit manager focused on the lower middle market, financing borrowers and lenders across commercial real estate bridge loans and specialty finance.

Jeff Ledyard

Senior Vice President of Special Assets at Revere Capital.

Los Alamos National Laboratory (LANL)

A U.S. Department of Energy research and development laboratory located in Los Alamos, New Mexico, that has been rapidly expanding its workforce in recent years.

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What they’re saying

“Projects like this require persistence, coordination, and a shared commitment to finding solutions. The Hill is complete and delivers new housing to the Los Alamos community. The result is a professionally managed community that will help meet an urgent housing need for Los Alamos residents, including LANL employees and summer interns.”

— Jeff Ledyard, Senior Vice President of Special Assets

What’s next

The Hill Apartments is now open and accepting new residents, providing much-needed housing options for the growing workforce in Los Alamos.

The takeaway

The completion of The Hill Apartments marks an important milestone in addressing the housing shortage in Los Alamos, which has struggled to keep up with the rapid expansion of the nearby national laboratory. This new luxury community aims to provide high-quality living options for LANL employees, interns, and other residents seeking to live closer to their workplaces.