Bridge Investment Group Acquires 344-Unit Multifamily In Las Vegas For $73.25M

Bridge Investment Group has acquired a multifamily asset in Las Vegas for a total price of $73,250,000. The property, located at 5250 Stewart Avenue, consists of 344 units with an average price per unit of $212,936. The sale was finalized on October 7, 2022, and the transaction was facilitated by Institutional Property Advisors, a division of Marcus & Millichap.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $73,250,000
• Address: 5250 Stewart Avenue
• Market: Las Vegas
• Buyer: Bridge Investment Group - Robert Morse & Jonathan Slager
• Seller: Robert Ctvrtlik
• Brokers: Institutional Property Advisors - Marcus & Millichap
• Units: 344
• Price per Unit: $212,936

The acquisition of this multifamily asset marks a significant investment for Bridge Investment Group. The buyer was represented by Robert Morse and Jonathan Slager in the deal, while Robert Ctvrtlik acted as the seller. The transaction was facilitated by Institutional Property Advisors, a division of Marcus & Millichap, who played a crucial role in bringing the buyer and seller together.