Tides Equities Acquires Las Vegas Multifamily Portfolio For $169.75M

The recently closed property transaction in Las Vegas, NV involved a multifamily asset located at 1755 Palm St., 5024 Broken Sound Dr., and 4801 Spencer St. The property spans over 815,000 square feet and consists of 787 units. The sale price for this transaction was recorded at $169,750,000, translating to a price per unit of $215,692 and a price per square foot of $208.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $169,750,000
• Buyer: Tides Equities - Sean Kia & Ryan Andrade
• Seller: Turner Impact Capital
• Broker: Spenc Ballif - CBRE

The buyer for this transaction was Tides Equities, represented by Sean Kia & Ryan Andrade. The seller was Turner Impact Capital. The deal was facilitated by Spenc Ballif from CBRE as the broker.