LaSalle Investment Management Acquires Multifamily Property In Las Vegas For $155.6M

The multifamily property located at 6355 South Riley St. in Las Vegas, Nevada has been sold. The transaction took place on October 20, 2021. The property, consisting of 456 units, was sold by The Calida Group to LaSalle Investment Management for a price of $155,600,000. This corresponds to an average price per unit of $341,228.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $155,600,000
• Number of Units: 456
• Price per Unit: $341,228
• Address: 6355 South Riley St., Las Vegas, Nevada
• Market: Las Vegas, Nevada

The sale of this multifamily property was facilitated by brokers John Cunningham and Charles Steele from JLL Capital Markets.