Oak Residential's latest acquisition

Chicago-based investment firm Oak Residential recently acquired its third property in the Las Vegas market in the last two years. While it identified the city as a target market, it is proceeding with caution. That is because Las Vegas opportunities can vary block-by-block, making due diligence crucial.

"Las Vegas is a highly segmented market and locations can vary block by block," Eytan Peer, VP of acquisitions at Oak Residential, tells GlobeSt.com. "This market presents its own unique and specific challenges, often making it more important to know where to buy rather than what to buy. We've successfully accumulated several assets in and around Henderson with the intent of achieving a critical mass, and greater economies of scale."

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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.