LAS VEGAS—The Kislak Organization, a national real estate investment firm headquartered in Miami Lakes, FL, has acquired Alicante Villa Apartments in Las Vegas for $29.3 million.
“We are pleased to be part of the renewed and exciting growth taking place in Las Vegas,” said Thomas Bartelmo, president and CEO of the Kislak Organization. “We have been watching the market very closely and our team moved quickly to acquire Alicante Villa Apartments. We are continuing to look for opportunities to expand our presence in this dynamic city.”
Jeffrey Swinger and Spencer Ballif of CBRE, Inc., represented the seller, Alicante Villa Apartments, LLC, and the buyer in the transaction. The financing was arranged by Andrew Behrens, vice chairman with the Debt and Structured Finance Institutional Group of CBRE Capital Markets, who originated the loan through Freddie Mac.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
