Updated Jul 31, 2025
Rob Singh Of ConAm Group Acquires Reverb At Spring Valley Multifamily In Las Vegas For $43M
9750 Peace Way
$43,000,000
Units
180
Asset Type
MultiFamily
Closing
Jul 29, 2025
About this deal
AI
The asset involved in this transaction is a multifamily property located at 9750 Peace Way in Las Vegas, consisting of 180 units. It was sold for $43 million, translating to a price per unit of $238,889. This acquisition reflects a significant investment in the Las Vegas market.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $43,000,000
- Units: 180
- Price per Unit: $238,889
- Buyer: Rob Singh - ConAm Group
- Seller: James O. Buckingham - TA Realty
Rob Singh, representing ConAm Group, has overseen this transaction as part of their strategic expansion, with this acquisition marking the fourth investment through their Strategic Investments Fund IV LP, which has garnered over $136.2 million in investor commitments.
On the Map
$43,000,000
MultiFamily
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Players
Las Vegas MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.37%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93