SOLDMultiFamily
The CONAM Group Acquires Alicante Apartment Homes Multifamily Community For $58 Million In Las Vegas
4370 South Grand Canyon Drive
$58,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 5, 2026
AI
Alicante Apartment Homes, a 232-unit multifamily community located at 4370 South Grand Canyon Drive in the Las Vegas, NV market, was acquired by The CONAM Group for $58 million. The property features a price per unit of $250,000 and was 96.6% occupied at the time of the sale.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $58,000,000
- Buyer: The CONAM Group
- Seller: Sares Regis Group
- Units: 232
- PPU: $250,000
- Occupancy Rate: 96.6%
- Sale Date: 08/05/2026
The CONAM Group completed this acquisition through the CONAM Strategic Investments Fund IV LP, representing a strategic addition to their portfolio of multifamily properties.
Players
TG
The ConAm GroupBuyer
Sares Regis GroupSeller
Las Vegas MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93