APW Avenue Group, a real estate investment and development firm, announced the acquisition of The Village at Iron Blossom, a 401-unit apartment community in South Reno, Nev. APW Avenue Group served as the principal partner in the $96 million transaction.
The acquisition underscores the firm’s strategy of investing in high-growth markets where strong employment fundamentals drive sustained demand for quality housing. Reno and the nearby Tahoe Reno Industrial Center (TRIC) — the largest industrial park in North America — have emerged as one of the country’s premier hubs for advanced manufacturing, logistics and technology.
“Reno’s transformation is being fueled by world-class employers that are creating thousands of high-paying jobs,” said James R. Parks, founder and principal at APW Avenue Group. “The presence of Tesla’s Gigafactory Nevada, Panasonic’s battery manufacturing operations, Google’s expansive data-center campus and Walmart’s major dis
