Haven Realty Capital, in partnership with funds managed by an affiliate of Apollo Global Management, has closed the first phase of a $22.8 million acquisition of a build-to-rent (BTR) townhome community now under construction in the Las Vegas suburb of Summerlin.
The Haven-led joint venture will close on the remaining homes in phases over the next 12 months.
Thrive at Peace Way is being developed by the seller, a joint venture of Edward Homes and Avision Development Partners, on a five-acre site at 10132 Serenity Star Way, between Flamingo Road and Tropicana Avenue. At build-out in the fall of 2022, Thrive at Peace Way will feature 12 residential buildings housing 60 two-story mid-rise townhomes offering three-bedroom, two-and-a-half-bathroom floorplans ranging from 1,541 square feet to 1,789 square feet. Each townhome will have an attached two-car garage and walk-out deck. Common area amenities will include a resort-style pool and cabana.
Haven has successful
