Las Vegas

Las Vegas: Image by Wirestock/iStockphoto.com

Las Vegas Multifamily Report – December 2022

After an exceptional bull run, the city’s rental market is returning to sustainable levels.

Tribeca North Apartment Homes

MG Properties Grows Las Vegas Footprint With $81M Buy

Walker & Dunlop secured the Fannie Mae acquisition financing.

First Citizens Provides $66M for 3 Self Storage Purchases

Affiliates of Morningstar Properties acquired these Houston and Las Vegas properties.

Las Vegas MSA Self Storage Trades

HPI Real Estate sold the recently developed property.

Banyan Residential Acquires $61M Las Vegas Community

The luxury townhome development is part of the Skye Canyon 1,000-acre master plan.

Otonomus

Growth Holdings Lands $85M Loan for Las Vegas Development

Otonomus is slated to open its doors at the end of 2024.

Marlowe Centennial Hills. Image courtesy of Greystar

Greystar Starts Development on Las Vegas Community

The property is the latest in Greystar’s Marlowe luxury apartment line.

Top 5 Western Markets by Multifamily Investment Volume

Sales in these metropolitan areas surpassed $21 billion through September, outperforming the same period last year, according to Yardi Matrix data.

The Boulevard

DB Capital Enters Las Vegas With $64M Buy

The buyer plans to execute a capital improvement plan at the property.

Las Vegas Multifamily Report – August 2022

The pandemic slammed Las Vegas’ ascent, and after a swift economic surge in 2021, the performance of the local economy tempered to a steady recovery. This was mirrored by the multifamily market, with rent expansion moderating after a strong run, up 0.6 percent on a trailing three-month basis through June, to $1,525, trailing the 1.1 percent U.S. rate. The metro recorded a slowdown during the first half of 2022, with occupancy marking the largest decrease among major U.S. metros, down 1.4 percent in the 12 months ending in May, to 95.1 percent. READ THE FULL YARDI MATRIX REPORT Las Vegas…