Multifamily news in Las Vegas
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Top 10 Markets for Occupancy Growth
Despite unfavorable conditions, certain areas are deviating from the national trend and have seen an increase. Here is a list of the 10 markets with the greatest year-over-year growth in occupancy as of April 2017.
12 June 2017 15:33 -
Warmington Properties Secures $190M for Portfolio Refi
Walker & Dunlop Inc. structured five Freddie Mac loans and one Fannie Mae loan, totaling $190.2 million, with 10-year terms and 30-year amortization schedules, to refinance nine California and Nevada communities held by Warmington Properties. Warmington began a value-added program across its portfolio in 2014, including the complete renovation of property amenities, building exteriors and unit interiors.
10 May 2017 19:13 -
29th Street Capital Buys Vegas Apartments
The company, which has purchased 15 multifamily properties over the past 12 months, also revealed plans to implement a $1.9 million capital improvement program to refurbish unit interiors, enhance the asset’s exterior and upgrade the amenity package.
04 May 2017 13:43 -
Investors Cash Chips in Las Vegas
Amid accelerated hiring, demand for rentals heightened in Las Vegas in 2016. The city’s economy grew at a healthy pace, due to broad-based employment gains and an increasing population.
28 April 2017 04:30 -
2-Community Sale Fetches MGPG $68M
The properties, located in Henderson and North Las Vegas, Nev., comprise 641 units. Both communities feature one-, two- and three-bedroom floor plans with high-end amenities.
07 April 2017 20:57 -
On the Market: 5 Interesting Listings for the Week of 3/27
This week's listings feature a property located two miles from the Las Vegas Strip and a luxury community in the growing Augusta, Ga.
31 March 2017 14:06 -
CDP Expands West Coast Portfolio
The company has acquired three affordable communities in Las Vegas and Salem, Ore.
10 March 2017 16:26 -
Security Properties Acquires Affordable Las Vegas Asset for $27M
The portfolio offers two adjacent properties—Sunrise Palms, comprises 122 units of senior living, and Orchard Club, which provides 220 units of low-income housing.
08 March 2017 14:57 -
C&W Negotiates Sin City Sale
The company has arranged the sale of Portofino Villas, a 280-unit community.
28 February 2017 09:38 -
HFF Secures $26M Loan for Nevada Apartment Community
The company secured financing through Freddie Mac’s CME Program.
03 February 2017 16:57 -
Pathfinder Nabs Glitter Gulch Property for $13M
Built in 2003, the 89-unit community is located in the Lone Mountain submarket of Las Vegas.
16 January 2017 15:39 -
Transcontinental Unveils Plans for $59M Sin City Project
The company has announced its newest development, The Abode Red Rock Apartments, which will total 308 units.
16 January 2017 14:36 -
The Siegel Group Grabs Sin City Apartment Community
The property that will be rebranded as Siegel Suite Boulder III marks the company;s third asset on Boulder Highway.
04 January 2017 14:45 -
Las Vegas Community Changes Hands for $38M
Constructed in 2010, Spectrum consists of 14 three-story buildings situated on 9.8 acres.
03 January 2017 15:06 -
Bascom Acquires Pebble Cove Apartments in Las Vegas
By Jeffrey Steele Las Vegas— Irvine, Calif.-based private equity firm The Bascom Group, which specializes in value-added multifamily housing, has acquired a 90-unit garden-style apartment on the west side of Las Vegas. With an address of 5101 O’Bannon Drove, Las Vegas, Pebble Cove Apartments is a 27-year-old apartment community consisting of seven
28 December 2016 15:08