Multifamily news in Las Vegas
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The Calida Group Pays $100M for Las Vegas Community
The seller, Shopoff Realty, acquired the asset for $72.6 million in 2016 as a value-add investment.
07 March 2019 15:14 -
Carlyle Group JV Buys Vegas Apartments for $87M
The 456-unit Class A property last changed hands in late 2010, when Fairfield Residential sold it for nearly $47 million.
25 February 2019 14:34 -
Las Vegas Multifamily Report – Winter 2019
Multifamily investment sales in 2018 crossed the $2 billion mark for the third year in a row, while the average rent hit a new peak for the current cycle.
25 February 2019 13:53 -
Las Vegas Upscale Community Makes Debut
A joint venture subsidiary of TCI and Southern Properties Capital unveiled Abode at Red Rock, a 308-unit Class A apartment community in the Spring Valley area.
19 February 2019 18:17 -
29th Street Capital Buys 2 Properties in Las Vegas
The company acquired properties in two of the most sought-after Las Vegas submarkets and plans to spend $1.8 million in capital improvements on one of the assets.
31 January 2019 15:57 -
Oak Residential Acquires 2nd Asset in Las Vegas
The apartment community received upgrades to its amenity package previous to the acquisition. The asset was 98 percent occupied as of December 2018.
29 January 2019 15:26 -
On the Market: 4 Interesting Listings for the Week of 1/21
This week's listings include a value-add opportunity in a highly populated area of Connecticut, an affordable asset in central Las Vegas, and more.
28 January 2019 10:21 -
TruAmerica Expands Las Vegas Portfolio With $62M Buy
The previous owner of Tesoro Ranch applied extensive renovations to the amenity package and made interior redesigns. The property previously traded for $49.8 million, in 2015.
23 January 2019 17:57 -
Dornin Investment Group Repositions Las Vegas Asset
The company obtained the asset in 2017, following the 2013 foreclosure of a CMBS loan. In the 18 months under its management, the community received several exterior and interior renovations.
11 January 2019 14:54 -
Prism Multifamily Buys Las Vegas Portfolio
The four Class A and Class B communities add up to almost 500 units and commanded a price tag of nearly $47 million.
14 December 2018 13:43 -
Tower 16 Acquires 4th Las Vegas Property for $30M
Along with its joint venture partner, Henley USA, the firm will invest $4 million to upgrade the community. Pinnacle will handle property management services.
07 December 2018 14:54 -
Las Vegas Community Secures $55M Refi
The 376-unit rental property developed by Joseph Sorge was completed earlier this year. NorthMarq Capital arranged the loan on behalf of the owner.
26 November 2018 16:16 -
Watt Cos., Schulman Properties Receive $41M Loan for Vegas Community
The developers join the large roster of companies delivering new homes in Olympia Cos.' 2,750-acre, $200 million master-planned project in southwestern Las Vegas.
14 November 2018 12:04 -
Demand Outstrips Supply in Las Vegas
The metro has one of the most affordable business climates in the U.S., attracting companies and residents alike, mainly from neighboring Southern California.
16 October 2018 12:49 -
TruAmerica Multifamily Secures 2 Vegas Properties for $77M
The company added 504 units to its portfolio with the acquisition of Crossing at Green Valley and The Retreat.
03 October 2018 16:17