Search
 

Apartment Complex Changes Hands

HENDERSON, NV-Napa Valley Apartments, a 240-unit class A apartment community here, sells for $32.6 million, or $136,000 per unit.

By Brian K. Miller | Updated on October 26, 2006

(To read more on the multifamily market, click here.)

HENDERSON, NV-Napa Valley Apartments, a 240-unit class A apartment community here, has changed hands for $31.6 million. Located near Interstate 215 at 1349 W. Horizon Ridge Pkwy., the 15-building, 13-acre property opened in 1998 and is 95% occupied.

The new owner is listed as 1349 Horizon Ridge LP, which lists an address that matches that of RW Selby & Co., a Los Angeles-based multifamily investment firm that is active principally in Southern California and Nevada. Its equity partners include both institutional partners and high-net-worth individuals. In August, RW Selby paid $28.5 million for Rancho Serene Apartments, a 216-unit property in Las Vegas.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.