Tides Equities Acquires Las Vegas Multifamily Property For $110M

On October 18, 2021, a multifamily property located at 6501 W Charleston Blvd in Las Vegas, NV was sold for a total price of $110,000,000. The property consists of 508 units with an average price per unit of $216,535. The total square footage of the property is 434,910, with a price per square foot of $253.

Summary of Transaction Details:

• Property Type: Multifamily
• Transaction Amount: $110,000,000
• Units: 508
• Price Per Unit: $216,535
• Square Footage: 434,910
• Price Per Square Foot: $253

The buyer of the property is Tides Equities, represented by Sean Kia and Ryan Andrade. The seller of the property is Nitya Capital. The deal was facilitated by the brokerage firm Northmarq.