LAS VEGAS—A joint venture of San Diego-based Tower 16 Capital Partners and Henley USA has acquired the 540-unit Cornerstone Crossing Apartments complex in northwest Las Vegas for $49.75 million.
The deal marks the third multifamily acquisition between Tower 16 Capital and the US subsidiary of UK-based investment firm Henley that has amassed a portfolio of nearly 1,300 units in Las Vegas so far this year.
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