Tuesday, December 15, 2015

ConAm Acquires Two Value-Add Multifamily Assets Totaling 524 Units in Las Vegas and Phoenix

Silver Shadow Apartments, Las Vegas, NV
LAS VEGAS, NV – The ConAm Group (ConAm), a San Diego-based real estate investment, development and services firm, has expanded its multifamily portfolio in the Las Vegas and Phoenix markets with the acquisition of two multifamily properties.  The two acquisitions add 524 units to ConAm’s portfolio.

Las Vegas Acquisition

In Las Vegas, where ConAm already has a strong presence, the firm has acquired Silver Shadow, a 200-unit apartment community located in Las Vegas, Nevada for $22.6 million dollars.

“This property, located in the southwestern Las Vegas submarket adjacent to the Summerlin master planned community, strongly aligns with our strategy to acquire well-located assets in the Las Vegas market,” according to George Lloyd, ConAm’s Executive Vice President of Acquisitions.

The Greens Apartments, Chandler, AZ
Phoenix Acquisition

ConAm also expanded its multifamily portfolio in the Phoenix area with the acquisition of The Greens, a 324-unit apartment community in Chandler, Arizona.

“This property has exclusive frontage on the San Marcos Golf Resort with golf course views from most of the units and is within walking distance of historic downtown Chandler,” says Lloyd.

 “Located near Interstate 10, Loop 101 and Loop 202, the asset provides easy access to employment centers in both the City of Chandler and Greater Phoenix.”

For a complete copy of the company’s news release, please contact:

Lexi Astfalk or Jenn Quader
Brower, Miller & Cole
(949) 955-7940

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