TruAmerica Closes Biggest Deal on Record in Nevada

The multifamily investor buys an 896-unit apartment for $152 million, the largest deal in Nevada history.

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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