Some Las Vegas Valley apartment complexes sold for $100M in 2019
Evo, an apartment complex in the Las Vegas suburbs, features an indoor basketball court, steam and sauna rooms and a rooftop lounge.
It sold last month for more than $100 million.
Southern Nevada’s apartment market heated up over the past several years with a flood of new projects and lucrative investor purchases.
The market has tapped the brakes lately with slower rent growth and a slight uptick in vacancies, but in a sign of the ongoing rental fervor, several properties traded for $100 million or more in the past year.