Multifamily news in Las Vegas

On the Market: 5 Interesting Listings for the Week of 4/30
This week's listings include a newly renovated age-restricted community in Vegas and a turnkey asset in central Richmond, Va.
Market Rate
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.
Finance & Investment
Henley, Tower 16 Launch Vegas Brand
The partnership will acquire multiple multifamily assets in the coming months, targeting value-add opportunities and applying renovations under the Altura brand. The first property is slated to open this summer under the new name.
Market Rate

  • 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

  • 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

  • Cranes Drive Growth in Las Vegas

    Following a silent spell for significant real estate development in the Las Vegas Valley, the market is now flooded with major projects that the construction sector is struggling to deliver.

    28 December 2017 14:38

  • 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

  • 4 Emerging Multifamily Products

    More than 100 exhibitors gathered at NMHC's OpTech in Las Vegas to showcase the latest in today's multifamily technology. Read about some products that are changing the industry.

    14 November 2017 17:47

  • Top 4 Multifamily Marketing Trends

    At NMHC’s OPTECH Conference & Exposition in Las Vegas, executives discussed the current trends in the industry and what property managers should be utilizing to obtain and retain residents.

    27 October 2017 13:57

  • 4 Things Today’s Renter Expects

    At NMHC's OPTECH Conference & Exposition in Las Vegas, Kingsley Associates debuted the results of the 2017 Resident Survey Report. From rent payment methods to online reviews, the report covers what features and amenities today's renters are expecting, as well as the latest issues hitting the apartment industry.

    26 October 2017 14:46

  • 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