Multifamily news in Finance & Investment - Las Vegas
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Las Vegas Multifamily Wrap-Up – August 2020
Work begins on $400 million mixed-use project. Class B portfolio fetches $82.5 million. Catch up on our August list of Las Vegas must-reads.
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Southeast Las Vegas Community Sells for $20M
Seller AllPro Capital acquired the 128-unit property for $9.7 million from 3D Investments in 2017.
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Next Wave Investors Sells Luxury Las Vegas Community
Benedict Canyon Equities acquired the 98-unit asset for $21.5 million. Walker and Dunlop provided acquisition financing.
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Dwight Capital Closes on $40M Las Vegas Loan
The HUD financing features competitive terms at a time when many lenders are struggling.
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Top 5 Western Markets for Multifamily Transactions
We’ve identified the top western metros based on investment volume in the first four months of the year, according to Yardi Matrix data.
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Nitya Capital Pays $36M for Las Vegas Community
The recently renovated, 228-unit community last changed hands in 2018 for $24 million.
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NNC Apartment Ventures Buys Las Vegas Asset for $52M
Berkadia facilitated the transaction with a Freddie Mac loan set to mature in 2030.
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Waterton Pays $104M for Las Vegas Community
CBRE provided Freddie Mac financing for the acquisition of the 456-unit property.
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Hines Exits Las Vegas Multifamily Market in $80M Deal
The seller had purchased the 308-unit suburban community four years earlier for $58.2 million.
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JV Sells Las Vegas Community for $79M
Tower 16 Capital Partners and Henley Investments acquired the 512-unit property in mid-2018 and invested more than $4 million into capital improvements.
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Southwest Las Vegas Community Sells for $105M
NorthMarq Capital provided acquisition financing through Freddie Mac to the buyer of the 376-unit property.
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Bascom Group Trades Las Vegas Community for $70M
The seller had purchased the 308-unit property four years earlier for a fraction of the price.
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Turner Impact Capital Pays $52M for Las Vegas Community
The new owner’s latest acquisition increases the firm’s Sin City portfolio to more than 1,000 units.
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NexPoint Acquires Las Vegas Portfolio for $241M
The three communities total 1,163 units and are located west of downtown.
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Investment Concepts Pays $18M for Las Vegas Luxury Asset
The acquisition of the 62-unit community ranks as the highest per-unit deal to close in the metro this year.