Chicago, Illinois-Jones Lang LaSalle Capital Markets announced today that it has completed the sale of Ely at The Curve, a 456-unit project located in a suburban community in Spring Valley, Las Vegas, Nevada, for $155.6 million. Luxurious mid-rise multi-residential complex.
Jones Lang LaSalle sold the property on behalf of the seller, The Calida Group. LaSalle Investment Management acquired the asset.
Ely at The Curve was built in 2010 and includes one-bedroom and two-bedroom units with an average area of 945 square feet. Units include walk-in closets, fully electric kitchen with stainless steel dishwasher, breakfast bar or kitchen island, and high ceilings with crown moldings. The community has two swimming pools and spa areas with private cabanas, a clubhouse with a coffee bar, a fully equipped fitness center and an outdoor lounge with a fireplace.
Ely at The Curve is located at 6355 South Riley Street, adjacent to the all-diamond intersection of Interstate 215 between Sunset Road and Durango Avenue, providing residents with access to the world-famous Las Vegas Strip and the greater Las Vegas Strip. The speed and convenience of the Vegas Valley. The property is about 15 minutes away from the McAllen office submarket with more than 5 million square feet of office space, about 30 minutes away from more than 2 million square feet of office space in downtown Las Vegas, and more than 5 million square feet of office space. The office is only 10 minutes away from the space of the Spring Valley Corridor. The community is approximately 7 miles from McCarran International Airport. In addition, residents are only 10 minutes away from Summerlin’s vibrant downtown area.
The Jones Lang LaSalle Capital Markets Investment and Sales Advisory Team, which represents the seller, is led by Managing Directors John Cunningham (#S.0174792) and Charles Steele (#BS.0144397).
"The Curve's Ely represents a unique opportunity to acquire well-maintained assets in a submarket," Cunningham said. "Las Vegas continues to attract qualified institutional investors, recognizing our diverse and growing economy."
Embrey acquired 280 homes in the Chelsea Park apartment community in Selma, thereby expanding its multi-family home portfolio in central Texas
Capital Square 1031 acquired 339 apartments in the West Broad luxury apartment community in the suburbs of Greater Richmond, Glen Allen
DXE Properties acquired 112 Jasmine Place apartments in Savannah, adding multi-family residential properties to its Georgia portfolio
FCP and The Community Builders announce the establishment of a joint venture for a 235-unit multi-family adaptive reuse project in Charlotte, North Carolina
Send the latest multi-family industry news to your inbox
Selma, Texas-Embrey Partners, a diversified real estate investment company headquartered in San Antonio, owns...
Richmond, Virginia-Capital Square 1031, the main sponsor of Delaware Statutory Trust (DST) products...
Savannah, Georgia-DXE Properties, Acuity Partners and JSR Development announce the acquisition of...
Charlotte, North Carolina-FCP and The Community Builders (TCB) announced the establishment of a joint venture for...
Doral, Florida-Denver-based Avanti Residential announced the acquisition of Sanctuary Doral, a...
RALEIGH, North Carolina-Blue Heron Asset Management on behalf of its third fund, Blue Heron Real, announced...
Dallas, Texas-Crow Holdings is a leading national real estate investment and development company,...
Rockville, Maryland-Comstock Holdings Companies announced the joint acquisition of The Upton.
Send the latest multi-family industry news to your inbox.
MultifamilyBiz.com is an information, advertising and content display platform focusing on the multi-family housing industry. This website contains information, materials, products, content, images, links and services provided by third parties, for which we are not responsible. We do not own or manage any property on this website, do not conduct any transactions with any party on this website, and are not responsible for any transactions. Your use of this website is governed by our terms of use agreement.
© 2021-MULTIFAMILYBIZ.COM-All rights reserved