Multifamily news in Las Vegas
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JV Acquires Las Vegas Community for $50M
Tower 16 Capital Partners and Henley USA purchased a 540-unit multifamily project that Tower 16 will spend $7 million to upgrade.
03 October 2018 14:52 -
2 Vegas Properties Command $60M
Westland Real Estate Group acquired Liberty Village Apartments and Village Square Apartments, adding 1,129 units to its portfolio.
02 October 2018 18:38 -
On the Market: 5 Interesting Listings for the Week of 8/20
This week's listings include a recently completed community in a booming area of the Las Vegas metro and a Manhattan property that has not been on the market in more than 60 years.
24 August 2018 14:49 -
Lyon Capital Ventures Enters Vegas Market With $46M Buy
The company plans to add a short-term stay hotel and additional units on the adjacent land, as well as renovate some features of the 160-unit Gramercy.
11 July 2018 19:12 -
TruAmerica Sells Las Vegas Community for $72M
Solis at Flamingo comprises 524 units across 34 buildings. The asset recently underwent major renovations and at the time of the transaction was 94.1 percent occupied.
05 July 2018 13:15 -
Alliance Property Gets LIHTC Funding for Affordable Housing in Vegas
The 72-unit Owens Senior Apartments will receive sustainable upgrades, and the rehab should be complete in early 2019.
26 June 2018 14:06 -
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 -
On the Market: 5 Interesting Listings for the Week of 6/11
This week's listings include a rehabilitated historic asset in St. Louis and a newly constructed community in Las Vegas' Spring Valley.
15 June 2018 15:00 -
On the Market: 5 Interesting Listings for the Week of 6/4
This week's listings include an upscale community six miles from the Las Vegas Strip, a privately owned property in Phoenix's growing South Mountain Village area, and more.
08 June 2018 17:01 -
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 -
Increased Demand Pushes Up Rents in Las Vegas
The city’s multifamily recovery is a safe bet, given that it ranks among the top 10 metros for population growth.
31 May 2018 13:54 -
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