CWCapital Asset Management has sold The Milo and Sunrise Springs, two multifamily communities in Las Vegas, to Tides Equities for an aggregate price of $69.5 million.
CWCapital acquired the communities in June 2019 and December 2018, respectively, and the sale follows an extensive capital improvement program implemented across both properties to enhance community features, modernize interior finishes and improve overall curb appeal to meet the standards of the area’s growing population.
Located in Las Vegas’s Boulder Highway Corridor, the communities are central to nearby employment and entertainment options. The properties are adjacent to Interstate 515, easily connecting residents to downtown Las Vegas and neighboring hubs including Henderson and Summerlin. New projects and developments have brought significant job growth to the area, including a new Google data center providing both construction and technology jobs; the addition of Amazon fulfillment centers bri
