A San Diego multifamily investment and operating firm, Logan Capital Advisors, has acquired a 220-unit multifamily property in Las Vegas for $97.5 million ($443,180 per unit).
South Beach Apartments, built in 2017, is located at 8920 W Russell Rd. The property consists of 1-bedroom and 2-bedroom units, ranging from 680 to 1,380 square feet.
This was Logan Capital Advisors’ third multifamily acquisition in Las Vegas since 2018. The firm has over $1 Billion in AUM and over 3,900 units in its portfolio throughout California, Nevada, Arizona and Colorado.
Taylor Sims, Carl Sims and Brady Cleary with Cushman & Wakefield’s Multifamily Advisory Group in Las Vegas represented the seller, Griffin Capital, in the transaction.