DB Capital Management Acquires Multifamily Property In Las Vegas For $64M

The multifamily property located at 3050 S Nellis Blvd in Las Vegas, Nevada has been sold for a total price of $64,000,000. The transaction took place on October 26, 2022.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $64,000,000
• Address: 3050 S Nellis Blvd
• Market: Las Vegas, Nevada

The buyer, DB Capital Management represented by Brennen Degner and Chase Yim, acquired the property from the seller, Cottonwood Group. The deal was facilitated by brokers Spencer Ballif, Adam Schmitt, and Jannie Mongkolsakulkit from CBRE. The lender for the transaction was ubs''>UBS, and the mortgage broker involved was Shlomi Ronen from Dekel Capital.

The multifamily property consists of 296 units, with a per unit price of $216,216.