David Nelson & Kurt Houtkooper Of Hamilton Zanze Acquire Multifamily Property In Henderson For $75M

The property asset involved in this transaction is a multifamily residential complex located at 1851 North Green Valley Parkway in Henderson, NV. The sale was finalized for a total of $75 million, encompassing 320 units across 15 acres of land, resulting in a price per unit of $234,375.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $75,000,000
• Buyer: David Nelson & Kurt Houtkooper - Hamilton Zanze
• Seller: David Schwartz - Waterton
• Units: 320
• Lender: Freddie Mac
• PPU: $234,375
• Broker: Adam Schmitt, Spence Ballif & Justin Neubeck - CBRE

The transaction highlights the involvement of Waterton as the seller of this asset, which was sold as Fairways on Green Valley. Hamilton Zanze will manage the property through its affiliate, Mission Rock Residential, maintaining a 92 percent occupancy rate. The financing for the acquisition was supported by a $47.1 million loan from Freddie Mac, arranged as part of the deal.