Security Properties Buys Las Vegas Apartments for $80M

Security Properties has acquired Lofts at 7100 for $80 million. The acquisition grows Security’s Las Vegas portfolio to five properties and 1,500 units.

Lofts at 7100 is a class-A wrap-style multifamily community developed in 2008. It totals 379 units and features eleven-foot ceilings, up to 30ft in select loft-style units, fully appointed kitchens, full size washer/dryers and either a private patio/balcony or sunroom.

The property will be managed by Security Properties-affiliate Security Properties Residential.