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City: Las Vegas

9051 Echelon Point Drive

Investment Concepts has paid $18 million, or $290,322/unit, for the 62-unit Echelon at Centennial Hills apartments in Las Vegas. The transaction was financed with a $13.5 million Fannie Mae loan provided by Arbor Realty Trust.

2200 North Torrey Pines Drive

Bluerock, a New York company, bought the 320-unit Sanctuary in Las Vegas for $51.8 million, or $161,875/unit. The Sanctuary, meanwhile, is encumbered by a $33.7 million Fannie Mae loan that is securitized through FNA, 2019-M22. The interest-only loan has a ...

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