Finance & Investment - Las Vegas
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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 -
TruAmerica, Oaktree Snag $142M Portfolio
The joint venture acquired the 424-unit Galleria Palms in Tempe, Ariz., and the 456-unit Aviata in Las Vegas.
31 May 2018 15:43 -
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 -
Berkadia Completes $31M Vegas Sale
Sundance Bay acquired Desert Ridge Apartments, which includes 304 units and a dog park, a racquetball court and a playground.
27 April 2018 14:47 -
Partnership Debuts Affordable Housing Revamp in Vegas
Community Development Partners and BLVD Capital have opened Baltimore Gardens and Cleveland Gardens, two communities totaling 201 units. All apartments are restricted to low-income households.
27 March 2018 14:18 -
Vegas Apartments Change Hands in $60M Deal
Hamilton Zanze and Cantor Fitzgerald acquired the 426-unit Arrow Canyon, which includes a bocce ball court, a putting green and covered parking.
20 March 2018 15:43 -
PCCP Provides $24M for NV Community
The Calida Group plans to renovate Hampton Garden in Summerlin-Spring Valley, a Las Vegas submarket. The 18-year-old property includes 180 units in 16 buildings.
16 March 2018 14:21 -
Multifamily Acquisitions in Emerging Markets
Continental Realty Advisors’ David Snyder discussed investment opportunities in markets such as Las Vegas, ways to maximize returns and why in-depth research is essential to expertly deploying capital.
08 March 2018 15:12 -
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 -
Chicago Buyers Expand into Las Vegas Market
Oak Residential Partners and POB Capital have acquired 252-unit Avenue Apartments in Henderson, Nev. The deal marks both buyers' entry into the market.
17 January 2018 15:55 -
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