Security Properties Acquires Las Vegas, NV Avanti Apartments
SEATTLE , June 28, 2016 /PRNewswire/ -- On June 23, 2016 , Security Properties purchased Avanti Apartments , a 414-unit, Class A multifamily property located in Las Vegas, NV , for $57,500,000 . It is SP's fourth purchase in the Las Vegas market. Photo - http://photos.prnewswire.com/prnh/20160627/383792 Photo - http://photos.prnewswire.com/prnh/20160627/383793 The Class A asset was built in 2010 and the units feature nine-foot ceilings with decorative crown molding , faux wood-style flooring, GE steel appliance package , large walk-in closets, garden-style tubs and stackable washer/dryers. Additionally, Avanti offers a complete amenity package including a resort-style pool with spa and cabanas, state-of-the- art fitness center , fireside lounges and picnic areas with barbecues. Security Properties will execute a light renovation of the unit interiors. The property is ideally located along the Bruce Woodbury Beltway in northwest Las Vegas . The area currently has the lowe...