Two large Henderson apartment complexes have recently sold as the Las Vegas Valley’s multifamily market enters uncharted waters.
A 347-unit Henderson apartment complex called Alta NV sold for $90.7 million, according to Clark County property records. The luxury property is located close to MacDonald Highlands and the Green Valley Ranch Resort on Wigwam Parkway on a 16-acre plot.
Northmarq, the real estate firm that brokered the sale, declined to disclose the seller of the property, and property records point to Des Moines, Iowa-based Henderson Apartment Venture LLC. The buyers are MC Companies, a Scottsdale, Arizona-based private real estate company.
Northmarq listing broker Thomas Olivetti said in a statement that the property “is an outstanding asset that was offered below replacement cost in a great submarket.”
The multifamily project is listed as having such amenities as a swimming pool, an outdoor entertainment section, dog park, athletic center, office spaces, speakeasy, golf simulator lounger and outdoor rooftop deck.
Additionally, Tesoro Ranch apartment complex, which according to LoopNet, has approximately 400 units recently sold for $61.6 million. Los Angeles-based Tesoro Ranch Fee Owner LLC was the seller and Los Angeles-based Tesoro Ranch Owner LLC is the buyer. According to LoopNet, the complex sits on 22 acres across three parcels and has a business center, clubhouse, fitness center and pool.
Colliers International data shows there are approximately 232,751 multifamily units i …
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