MG Properties acquired Tribeca North Apartment Homes in the Las Vegas metro for $81 million.
This 312-unit community offers luxury low-density apartments with resort-style amenities and functional floorplans with available garages. Tribeca North provides access to employment centers including over 57 million square feet of industrial buildings in North Las Vegas, the recently approved 2.3 million square feet Helios mixed-use medical campus, and minutes to the Las Vegas Strip.
The seller, The Bascom Group, was represented by Spencer Ballif, Adam Schmitt, and Jannie Mongkolsakulkit of CBRE. The property was financed by a Fannie Mae loan provided by Bryan Frazier and Blake Hockenbury of Walker & Dunlop.
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