California firm buys Las Vegas Valley apartment complex
A San Diego-area real estate firm has bought an apartment complex in the eastern Las Vegas Valley.
Tower 16 Capital Partners announced Friday it partnered with Henley Investments to buy the 312-unit Five89 rental complex for $32.5 million.
The purchase was Tower 16’s fifth in the Las Vegas area.
Tower 16, based in Carlsbad, California, said it will oversee $4 million in renovations and upgrades to Five89, located at 4801 E. Sahara Ave., at Nellis Boulevard.
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