MG Properties has acquired the 275-unit Verona Apartments in Henderson, Nev. MG Properties owns five other properties in the Las Vegas submarket.
The financial terms and seller were not disclosed. Cushman and Wakefield represented the seller.
Las Vegas’ Henderson submarket is one of the fastest growing cities in the country due to its job growth, award-winning master-planned communities, strong school system and amenities. Relative affordability of Las Vegas when compared to coastal metros has led to expansion by top employers, and the location of Verona Apartments benefits from excellent accessibility to multiple major throughways that connect residents to major job centers throughout the metro.
“Las Vegas continues to be a major beneficiary of the economic recovery, with strong population and employment growth,” said Jeff Gleiberman, managing director of MG Properties. “We are pleased to add Verona to our regional portfolio and continue to be optimisti
