Las Vegas
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.
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.
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.
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.
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.
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.
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.
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.
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.
Kennedy Wilson Sells $422M Portfolio
The six communities comprise a total of 2,199 units and are located across California, Nevada, Washington and Oregon.