(Read more on the multifamily market.)

LAS VEGAS-The Siegel Group on Thursday acquired the Falls apartment complex near the University of Nevada here for $14.75 million and promptly reflagged it Siegel Suites Cambridge. The 230-unit, 4.8-acre property on South Cambridge Street is the 10th property to join the company’s 2,500-room, Vegas-area chain of hotel-apartment hybrids it calls “flexible-stay” properties.

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