Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Building Area Net
Number of units 456

Property Description

Jones Lang LaSalle Americas, Inc. is pleased to present the opportunity to acquire Ely at The Curve (the “Property”), a 456-unit luxury apartment community located in Las Vegas, Nevada. Developed and constructed by Fairfield in 2010, Ely at the Curve offers residents expansive one and two bedroom floor plans averaging 945 square feet. The Property is richly amenitized, featuring two resort-style swimming pool and spa areas with private cabanas, a contemporary clubhouse with coffee bar, a fully-equipped fitness center, and an outdoor lounge with fireplace. Ely at The Curve has achieved sizable rent premiums through unit interior renovations on a portion of the units, with more than 94% of the apartment homes remaining in classic, untouched condition, offering investors the opportunity to capture additional value by continuing or improving upon the

renovation strategy implemented by the current owner. Ely at The Curve enjoys a prime Spring Valley location, with excellent demographics in the immediate area compared to the metro area as a whole. Residents benefit from the community’s outstanding schools and the diverse retail outlets just a few minutes away. The Property is located adjacent to the full diamond interchanges of I-215 at Sunset Road and Durango Drive, providing residents with quick, convenient access to the world famous Las Vegas Strip and the greater Las Vegas Valley. The Property’s expanding location offers investors incredible upside with major capital projects planned in the immediate area and favorable supply/demand fundamentals with a growing submarket expected to outperform the metro. Ely at The Curve is a unique opportunity to obtain an institutionally conceived and developed community with exceptional value-add potential in the best growth market in the US.

Investment Highlights

  • Valued-add Opportunity
  • Exceptional Multifamily Market Fundamentals
  • Growing Spring Valley Location Offers Excellent Area Demographics
  • Rapidly Expanding Las Vegas Metro
Last Updated Date: 30 Sep 2021
John Cunningham
John P. Cunningham
Managing Director, Capital Markets
License details
NV - S.0174792
Charles Steele
Charles Steele
Managing Director, Capital Markets
License details
NV - BS.0144397

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Last Updated Date: 30 Sep 2021

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