Sunday, July 9, 2017

JLL brokers sale of Las Vegas luxury apartment community

  
Volare Apartment Homes, Las Vegas, NV

John Cunningham
LAS VEGAS, NV – JLL’s Capital Markets experts announced the company completed the sale of Volaré Apartment Homes, a garden-style 360-unit Class A apartment community in Las Vegas. JLL represented the seller, a joint venture between Fore Property Company, The Strand Corporation and DG Development Corporation. Green Leaf Capital Partners purchased the property.

Executive Vice Presidents John Cunningham and Charles Steele led the JLL team on the sale.

“Investors were drawn by the premier amenities Volaré offers as well as its accessibility to major employment centers,” said Cunningham. “Las Vegas continues to see a resurgence in the multifamily market, especially for high-end assets.”

Located just off Interstate 15, Volaré is six miles from the Las Vegas Strip. The area is home to a young, educated workforce with an average household income more than 15 percent higher than Metro Las Vegas’s. It’s also next to Southern Highlands, a 2,750-acre master-planned community.

Volaré includes studio, one-, two- and three-bedroom units. In-unit amenities include wood-plank flooring, fireplaces, storage units, stainless steel appliances, granite countertops and full-size washers and dryers. Community amenities include a restaurant-grade kitchen, two swimming pools, an outdoor lounge patio with a TV and a fireplace, and an outdoor kitchen.


Charles Steele
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution.

In 2016 alone, JLL Capital Markets completed $136 billion in investment sale and debt and equity transactions globally. The firm’s Capital Markets team comprises more than 2,000 specialists, operating all over the globe.

For more news, please visit The Investor, an online and mobile app news source providing real-time commercial real estate news to asset buyers and sellers around the world.

For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: http://bit.ly/18P2tkv.


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

Stacey Hershauer
focusAZ
Marketing & Public Relations
(480) 600-0195

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