Home sales volume have declined this year in response to a shortage of for-sale home supply, which is down 11% compared to last year.
The nearly 93,000-square-foot Whole Foods anchored center was purchased in a joint-venture partnership where Regency owns a 20% interest.
Officials with the firm say the company is currently poised to enter the Las Vegas market and is considering three locations along the 215 Beltway and/or in the southwestern Las Vegas valley to develop luxury rental apartment communities.
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