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Transactions - AUGUST 26, 2020

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MultiGreen Properties JV buys land parcel for apartment community in Nevada

by Andrea Zander

TRU Development Company, in partnership with capital partner and real estate operating company, MultiGreen Properties, has purchased a 19-acre parcel of land located on the southeast corner of Galleria and Boulder Highway in Henderson, Nev.

Plans for the site include development of theAPEX @galleria apartment community, which will offer 336 multifamily residential units, and 3.8 acres of retail development available for sale, ground lease, or build to suit.

The apartments at theAPEX @galleria will be available for lease in March of 2021.

In the next 12 months, TRU Development is slated to break ground on a total of 670 units under theAPEX brand in southern Nevada, 358 units under the KAKTUSlife brand and more than 600 units under theAPEX brand in northern Nevada.

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