Las Vegas
Las Vegas Multifamily Report – Summer 2019
The metro’s affordability advantage, particularly compared to coastal California markets, adds to Las Vegas’ economic gains.
JV Snags Student Housing in Texas, NV
TPCO will undertake a multi-million renovation for High View Place, which marks the company’s third acquisition in the San Antonio market in the past 12 months.
Waypoint Residential Trades Vegas Student Housing
The buyer funded the $23 million acquisition of the 156-unit asset with more than $12 million in CMBS financing originated by Wells Fargo.
Interwest Acquires Vegas Property for $21M
Interwest Capital Group financed the acquisition of the 100-unit Class A asset with a $12.6 million Freddie Mac loan, and RSE Capital Partners provided preferred equity.
TruAmerica Buys $152M Las Vegas Property in Record Deal
The acquisition of Allanza at the Lakes represents the highest price paid for a single multifamily asset in Nevada history.
Security Properties Expands Nevada Holdings
The Seattle-based company purchased The Edge at Traverse Point, a Class A property with 296 units located in Las Vegas’ Henderson submarket.
Berkadia Wraps Las Vegas, DC Metro Deals Worth $92M
The company arranged a $63.2 million refinancing for a 340-unit community in Falls Church, Va., and completed the sales of two multifamily properties totaling 331 units in Nevada.
Top Multifamily Completions in Las Vegas
As rent growth remains among the strongest in the nation, developers are warming up to the metro’s suburban areas, expanding rental product in the area.
MAXX Properties Expands Holdings in Las Vegas Area
Villas at Green Valley, a 609-unit community in Henderson, Nev., is the company’s fifth property in the Las Vegas market and its largest multifamily acquisition to date in terms of size and invested capital.
TruAmerica, Blackstone Buy 608-Unit Portfolio for $97M
For their second deal since forming a joint venture last year, the partners picked up a 368-unit community in central Las Vegas for $58 million, along with a 240-unit asset west of Atlanta.