Davlyn Investments closed escrow on the $67 million purchase of a 252-unit, luxury, multi-family community in Las Vegas. The property, which has been re-branded The Michael B Townhomes and Flats, was constructed in 2010 and marks Davlyn's third acquisition in Nevada.
Taylor Sims and Brady Cleary of Cushman & Wakefield represented the seller. Debt was arranged through Mitch Clarfield and Meghan Varga with Newmark.
The property is located in southwest Las Vegas' The Curve neighborhood, which the company views as one of the valley's most dynamic areas, featuring the Durango Station Resort and Casino, and mixed-use developments such as UnCommons, The Bend and Gramercy.
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