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| John Cunningham |
LAS VEGAS, NV – JLL’s
Capital Markets announced the company completed the sale of Veritas Apartments in the Las Vegas
suburb of Henderson, Nevada. JLL represented the seller, Monogram Residential
Trust. Farnam Realty, Inc. bought the 430-unit, Class A multifamily building.
Executive Vice Presidents John Cunningham and Charles Steele led
the JLL team on the sale.
“Las Vegas’ apartment
market continues to gain traction with investors as job growth and economic
expansion remain ahead of the majority of the country,” said Cunningham.
“Veritas is located within an affluent suburb that benefits from this growth,
and offers residents an extremely attractive living environment.”
Veritas is located in
Henderson, one of Nevada’s premier residential communities which boasts a
diverse economic base that extends from healthcare to professional and business
services. Residents also have access to more than 5.3 million square feet of
retail space within a three-mile radius of the building, and immediate access
to St. Rose Hospital.
Veritas Apartments, which
was completed in 2010, offers one-, two- and three-bedroom units. The building
features four swimming pools, a covered patio with an outdoor kitchen, barbecue
grills, a fitness center with a yoga room, and a clubhouse with gaming room and
cyber café.
 |
| 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:
Scott Sutton
Phone: +1 312-228-2863
Email: Scott.Sutton@am.jll.com
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