Hamilton Zanze, a San Francisco-based real estate investment firm, has announced the sale of Miro at the Parc Apartments in Henderson, Nevada. The sales price is $65 million, according to Clark County property public records. The firm purchased the property in 2014 and the sale closed on May 25, 2022. Newmark's Doug Schuster represented the sellers at acquisition and disposition.
Miro at the Parc was built in 2013 and is located at 1651 American Pacific Drive in the Henderson/Green Valley submarket of the greater Las Vegas metro area. The property comprises 164 one- and two-bedroom units averaging 1,043 square feet, a 5,000-square-foot clubhouse, a 24-hour fitness center, and a pool.
During their ownership, Hamilton Zanze completed numerous exterior and landscaping improvements, and several amenity upgrades as well.
"Las Vegas continues to be a solid market with strong population and job growth. Miro at the Parc represents the 10th Las Vegas property sale for Hamilton Zanze. We were ahead of schedule with our business plan and returns well-exceeded our initial expectations. It is great to deliver this win to our investors," said Anthony Ly, senior director of dispositions at Hamilton Zanze.