Tides Equities Acquires 176-Unit Multifamily Property In Las Vegas For $40M

Epic Investments has sold a multifamily property located at 3985 E. Cheyenne Avenue, Las Vegas. The property, which spans 9.17 acres, was purchased by Tides Equities for a total price of $40,000,000. The transaction took place on July 7, 2022.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $40,000,000
• Address: 3985 E. Cheyenne Avenue, Las Vegas
• Market: Las Vegas
• ACRES: 9.17

The deal was facilitated by the Sauter Multifamily Group, represented by brokers Patrick Sauter, Art Carll-Tangora, and Steve Nosrat, who work for Avison Young. The property consists of 176 units, with an average price per unit of $227,272.