Marcus & Millichap Brokers $302.5M Multifamily Sale In Reno, NV

The ERGS Portfolio, consisting of six multifamily properties located at 8001 Military Rd., 7350 Silver Lake Rd., 6060 Silver Lake Rd., 9401 Lemmon Dr., 5910 Silver Lake Rd., and 1055 Oak St., has been sold in a closed transaction in Reno. The transaction was handled by Marcus & Millichap brokers Kenneth Blomsterberg, Ryan Rife, and Daniel Winrod.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $302,500,000
• Units: 1,077
• Price per Unit: $280,872

The ERGS Portfolio sale in Reno involved a total of 1,077 multifamily units. The transaction was closed for a total amount of $302,500,000, resulting in an average price per unit of $280,872. The properties included in the portfolio are located at 8001 Military Rd., 7350 Silver Lake Rd., 6060 Silver Lake Rd., 9401 Lemmon Dr., 5910 Silver Lake Rd., and 1055 Oak St. The deal was facilitated by Marcus & Millichap brokers Kenneth Blomsterberg, Ryan Rife, and Daniel Winrod.