Sunday, August 13, 2017

JLL completes sale of Veritas Apartments in Las Vegas


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:

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

Scott Sutton        
Phone: +1 312-228-2863

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