Logan Capital Advisors Acquires Summerlin Multifamily For $97.5M

An multifamily property located at 8920 W. Russel Road in the Summerlin market has been sold for a total price of $97,500,000. The transaction took place on March 10, 2022. The property consists of 220 units, with a per unit price of $443,180.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $97,500,000
• Units: 220
• Price Per Unit: $443,180
• Address: 8920 W. Russel Road
• Market: Summerlin

The buyer of the property is Logan Capital Advisors, while the seller is Griffin Capital. The deal was facilitated by Taylor Sims, Carl Sims, and Brady Cleary from the Multifamily Advisory Group at Cushman & Wakefield.