Las Vegas
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…
Hamilton Zanze Sells Las Vegas Asset
After a series of renovations, the firm sold the community for more than double what it paid.
Haven Realty Acquires BTR Community in Vegas
Partnering with Apollo Global Management, the firm purchased phase one of a 12-building project.
Avison Young Closes $40M Las Vegas Deal
The property traded for nearly twice the price it fetched two years ago.
Las Vegas Community Commands $101M
Northmarq arranged the transaction of the 366-unit asset.
DXD Capital Breaks Ground on 1,163-Unit Las Vegas Storage Asset
Washington Federal Bank provided $9.7 million in construction financing.
ZMR Capital Buys Las Vegas Community for $38M
The new owner plans to invest millions in upgrades.
Laguna Point Properties Acquires Vegas Community for $126M
The 996-unit property near the Strip will undergo extensive renovations.
Tides Equities Pays $50M for Las Vegas Community
The property last traded just one year ago, for $28.5 million.