Deals - Las Vegas

JV Acquires Las Vegas Community for $50M
Tower 16 Capital Partners and Henley USA purchased a 540-unit multifamily project that Tower 16 will spend $7 million to upgrade.
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Lyon Capital Ventures Enters Vegas Market With $46M Buy
The company plans to add a short-term stay hotel and additional units on the adjacent land, as well as renovate some features of the 160-unit Gramercy.
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TruAmerica Sells Las Vegas Community for $72M
Solis at Flamingo comprises 524 units across 34 buildings. The asset recently underwent major renovations and at the time of the transaction was 94.1 percent occupied. 
Market Rate

  • Las Vegas-Area Community Lands $57M Financing

    Built in 2018, Castile Apartments features 498 units across 28 buildings. Thompson Michie Communities bought the asset in April for $99.6 million.

    25 June 2018 17:40

  • Wilshire Unlimited Enters Vegas Market With $21M Buy

    The company will apply a value-add strategy to the community, which is in need of upgrades and currently has 16 units down due to deferred maintenance.

    20 June 2018 13:45

  • Alpha Wave Goes Shopping in Vegas

    The company acquired Cypress Springs Apartments, located where new supply is somewhat limited compared to the metro's other areas. The firm will invest approximately $1.7 million in capital improvements.

    06 June 2018 18:27

  • Las Vegas-Area Luxury Community Fetches $59M

    JLL Managing Directors John Cunningham and Charles Steele arranged the sale of the 366-unit asset on behalf of The Bascom Group.

    04 June 2018 17:39

  • Kennedy Wilson Sells $422M Portfolio

    The six communities comprise a total of 2,199 units and are located across California, Nevada, Washington and Oregon.

    30 May 2018 15:52

  • Sunroad Enterprises Nabs 320-Unit Vegas Asset

    Prime Group sold Avery Park in a deal facilitated by HFF. The new owner is set to renovate the property’s common areas and unit interiors over the next two years.

    19 January 2018 15:36

  • Citymark, InterCapital Go Shopping in Vegas

    The two companies purchased Vintage Pointe, a 368-unit apartment community in Vegas’ Michael Way neighborhood, for $49.2 million.

    10 January 2018 18:42

  • Vegas Assets Trade for $115M

    LivCor purchased Broadstone Flamingo West and Broadstone Talavera, which comprise a total of 674 units and are located in the eastern part of the metropolitan area.

    21 December 2017 16:52

  • Security Properties Buys $43M Vegas Asset

    Martinique Bay received renovations to 91 of its units before being sold off to Security Properties. The company plans to add value to the property by improving the rest of the units and also add exterior upgrades.

    07 December 2017 16:34

  • Berkadia Facilitates $15M Vegas Sale

    Desert Palms North Apartments was built in 1992 and features mixed unit types, ranging in size from 520 to 975 square feet. According to Yardi Matrix data, monthly rent averages at $648.

    19 October 2017 15:47

  • Las Vegas Asset Changes Hands

    Berkadia arranged the sale of Emerald Park Apartment Homes, a 300-unit community. The buyer paid $95 per square foot, equating to a 5.5 percent cap rate.

    19 October 2017 13:30

  • MG Properties Acquires $58M Vegas Community

    The company purchased the 432-unit Bristol at Sunset from Kennedy Wilson. CBRE arranged a $39.4 million acquisition loan through Fannie Mae on behalf of MG Properties Group.

    13 October 2017 14:25

  • Marcus & Millichap Duo Sells 2 in Las Vegas

    Las Palmas and The Rubix traded for $39.3 million. New plans include capital improvements and focus on military housing.

    05 October 2017 22:03

  • JLL Arranges 430-Unit Vegas Sale

    Monogram Realty Trust sold Veritas Apartments in a transaction completed by JLL Vice Presidents John Cunningham and Charles Steele. Farnam Realty acquired the asset.

    09 August 2017 12:57

  • Las Vegas Luxury Property Sells for $63M

    Green Leaf Capital Partners acquired Volare Apartment Homes, a garden-style, Class A property. As of May 2017, the community was 91 percent occupied.

    05 July 2017 16:24