Tishau Holdings Properties Acquires Mirasol Apartment Homes From Waterton For $87 Million

The multifamily asset involved in this transaction is the Mirasol Apartment Homes, consisting of 400 units located at 2180 East Warm Springs Road in Las Vegas, NV. The acquisition was completed for a price of $87,000,000, with a per unit price of $217,500.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $87,000,000
• Buyer: Tishau Holdings Properties
• Seller: Waterton
• Lender: Freddie Mac
• Originator: Bellwether Enterprise Real Estate Capital
• Units: 400
• Price Per Unit: $217,500

This transaction was significant as it followed Waterton's value-add renovation program and marks the second disposition from their multifamily portfolio acquired in Las Vegas in 2019. Tishau Holdings Properties was represented in the deal by their designated broker, while Waterton executed the sale, reflecting their strategic moves within the real estate market.