X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Henderson, NV-SNK Development Inc. has sold Allegro at La Entrada, a 262-unit luxury apartment in Henderson, NV, to an investor based in Ketcham, ID.

The buyer, Aqua Investors Inc., has shelled out $19.5 million for the property, which stands at 951 Las Palmas Entrada. Built in 1999, Allegro at La Entrada is a controlled-access community featuring spacious floor plans. Amenities include a fitness room and sauna. The property was 93% occupied at the time of sale.

A CB Richard Ellis brokerage team consisting of Tyler Anderson and Sean Cunningham of the firm’s Phoenix office, along with Jeff Swinger and Spence Ballif based in the company’s Las Vegas office, acted on behalf of SNK Development.

An affiliated company of SNK Realty Group, SNK Development sources, plans, entitles, finances and executes the land acquisition and development of all the properties for the Phoenix-based firm. SNK Realty’s portfolio currently consists of eight class A operating properties totaling 2,076 units, as well as five more complexes that are under development.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.