Chicago-based Oak Residential Partners has acquired Hacienda Heights Apartments in Las Vegas. The acquisition markets the firm's third deal in Las Vegas since 2017.
Hacienda Heights Apartments is a 216-unit garden-style apartment community near the rapidly growing and top-rated community of Whitney Ranch, located in Henderson, Nevada. Oak Residential purchased the property from the original developer. It features one, two, and three bedroom floorplans with nine-foot ceilings and a swimming pool, 24-hour fitness center, BBQ & picnic areas, clubhouse with kitchen and fireside lounge, a business center with high speed internet access and a leasing office.
Oak plans to modernize the community, focusing primarily on renovation of the unit interiors, including the addition of new faux-wood flooring, stainless steel appliances, resurfaced counters, blinds and lighting fixtures, and a backsplash. Plans also include improvements to the property's amenities, building exteriors, and landscaping, as well as a rebranding and name change.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.