Las Vegas
Vegas Community Trades for $14M
The seller, Strategic Realty Capital, had acquired the 146-unit Class C multifamily asset in 2010 as part of a 475-unit portfolio transaction.
Blackstone Buys $159M Las Vegas Portfolio
The deal, one of the metro’s largest this year, included two newly completed Class A communities comprising nearly 700 units.
Next Wave Buys Nevada and Utah Communities
The company has expanded its portfolio with two properties located in Las Vegas and West Valley City, totaling 188 units.
Continental Realty Buys Vegas Community
The buyer financed the purchase of the 63-unit Class A asset with a $9 million Freddie Mac acquisition loan originated by HFF.
The Calida Group Pays $100M for Las Vegas Community
The seller, Shopoff Realty, acquired the asset for $72.6 million in 2016 as a value-add investment.
Carlyle Group JV Buys Vegas Apartments for $87M
The 456-unit Class A property last changed hands in late 2010, when Fairfield Residential sold it for nearly $47 million.
Las Vegas Multifamily Report – Winter 2019
Multifamily investment sales in 2018 crossed the $2 billion mark for the third year in a row, while the average rent hit a new peak for the current cycle.
Las Vegas Upscale Community Makes Debut
A joint venture subsidiary of TCI and Southern Properties Capital unveiled Abode at Red Rock, a 308-unit Class A apartment community in the Spring Valley area.
29th Street Capital Buys 2 Properties in Las Vegas
The company acquired properties in two of the most sought-after Las Vegas submarkets and plans to spend $1.8 million in capital improvements on one of the assets.
Oak Residential Acquires 2nd Asset in Las Vegas
The apartment community received upgrades to its amenity package previous to the acquisition. The asset was 98 percent occupied as of December 2018.