A Los Angeles real estate firm has bought another Las Vegas apartment complex.
TruAmerica Multifamily announced Wednesday that it acquired the 368-unit Vintage Pointe, at 6500 Vegas Drive, and a 240-unit complex in the Atlanta area with a partner for $96.8 million total.
Vintage Pointe sold for $58 million.
TruAmerica said it has now acquired around 4,000 units in Nevada since it entered the market in 2016.
Before it was purchased by TruAmerica, Vintage Pointe sold for $49.25 million in late 2017 and for just under $40 million in spring 2016, property records indicate.