The Bascom Group has sold The Edge at Traverse Point in Henderson Nevada for $60.7 million to New York-based private investor, Securities Properties. The Edge at Traverse Point is a 296-unit garden-style apartment complex.

Located at 1131 Wigwam Parkway, the property is located near Bruce Woodbury Beltway, Reunion Trails Park, Railroad Lake and the shops and restaurants along Wigwam Parkway. SP plans to implement a light industrial strategy.

Managing director Brian Anderson and associate director Jared Glover of Berkadia's Las Vegas office represented 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