Investment Pro Reflects On Hot Las Vegas Apartment Market

In Las Vegas real estate, few aspects of the market are as heated today as apartments. Construction keeps ramping up, vacancy rates have dropped, rents keep rising, and landlords are paying more for buildings.And in the past few years, one person involved in some of the valley’s biggest apartment deals ever is Scott McClave. McClave is senior principal of acquisitions and finance at The Bascom Group, which in 2015 teamed with investment giant Oaktree Capital Management to buy Vantage Lofts, a formerly abandoned, partially built condo project in Henderson that became a pricey rental property.​

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