 |
| John Cunningham |
LAS VEGAS, NV – Las Vegas’
housing market continues to draw investors as economic growth fuels demand,
according to JLL Research.
On behalf of DK Loft 5 LLC, JLL’s Capital Markets
experts announced the firm completed the sale of the Loft 5, a 241-unit luxury
multifamily asset in Las Vegas. Steppe Bros. Loft 5 LLC purchased the building
for $51.5 million.
Executive Vice President John Cunningham and Senior Vice
President Charles Steele led the JLL
team on the deal.
“Loft 5 presented an
opportunity to capture two different segments of the improving Las Vegas
housing market: the rental and the sales market,” said Cunningham. “This is a
truly unique asset that includes luxury finishes and a sought-after lifestyle,
positioning this asset to capture the continued growth of Las Vegas’
residential market.”
Located off Interstate 15
just ten minutes from the Las Vegas Strip, Loft 5 offers residents access to 15
of the world’s 25 largest hotels and other attractions that drew more than 42 million
visitors to the city last year.
Loft 5 provides residents
with luxury community amenities such as four resort-style pools and hot tubs,
outdoor fireplaces and grills, a fitness center and steam room and a club
lounge. In-unit amenities include 12 or 20-foot ceilings, natural stone
countertops, designer cabinets, bamboo hardwood flooring, washer and dryer,
kitchen islands with a gas range, and built-in Sub-Zero refrigerators. All
units also include private balconies or terraces.
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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