TruAmerica Multifamily has acquired Allanza at the Lakes, an 896-unit apartment complex in Las Vegas, for $152 million. The transaction is the largest on record in Nevada, and it is the largest transaction by unit size for TruAmerica. With this deal, TruAmerica now owns 4,000 units in Nevada.

Allanza at the Lakes is the fourth largest apartment complex in Nevada. The property has 56 two-story buildings with a mix of one-, two- and three-bedroom apartment units.

Northmarq SVP Phillip Weigand and VP Thomas Olivetti marketed the property for sale on behalf of the seller.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

Las Vegas
Multifamily
Capital Markets