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Sycamore Urban Buys Fractured Condo Project

RENO, NV-The Irvine, CA-based company’s acquisition of the 153-unit Talus Point project from US Bank is the first step in the company’s plan to acquire 1,000 units in Nevada.

By Bob Howard | Updated on October 11, 2011

(Mark Your Calendars: RealShare Apartments 2011, October 20 in Los Angeles).

RENO, NV-Sycamore Urban Properties of Irvine, CA has acquired the 153-unit Talus Point fractured condominium project from US Bank in the first step in the company’s plan to acquire 1,000 units in Nevada. Originally built in 1978 as a 153-unit apartment complex, Talus Point underwent a condominium conversion and sales program in 2006, selling only 28 units before entitlement and market conditions stalled the program. The remaining 125 units have since been operated on a lease basis.

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