Las Vegas
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.
On the Market: 4 Interesting Listings for the Week of 1/21
This week’s listings include a value-add opportunity in a highly populated area of Connecticut, an affordable asset in central Las Vegas, and more.
TruAmerica Expands Las Vegas Portfolio With $62M Buy
The previous owner of Tesoro Ranch applied extensive renovations to the amenity package and made interior redesigns. The property previously traded for $49.8 million, in 2015.
Dornin Investment Group Repositions Las Vegas Asset
The company obtained the asset in 2017, following the 2013 foreclosure of a CMBS loan. In the 18 months under its management, the community received several exterior and interior renovations.
Prism Multifamily Buys Las Vegas Portfolio
The four Class A and Class B communities add up to almost 500 units and commanded a price tag of nearly $47 million.