Private equity firm Henley Investments has partnered with Tower 16 Capital to purchase Five89, a 312-unit apartment complex in Eastern Las Vegas. The investors will rebrand the property as Accent.

Five89 is a collection of studio, one-, two- and three-bedroom apartment homes, with available in-unit washer/dryers and balconies or patios. The community features two swimming pools, a clubhouse with a fitness center, a tot lot, a dog park, a community grilling/BBQ area and covered parking. The investors plan to renovate the property.

The acquisition of Five89 brings the Henley Tower 16 portfolio to over $200 million in assets.

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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