Transactions reported this week include a three-property portfolio in Las Vegas.
NexPoint Residential Trust purchased the portfolio from an unaffiliated third party for approximately $241 million.
The properties — Bella Solara, a 320-unit property built in 1989; Bloom, a 528-unit property built in 1989; and Torreyana, a 315-unit property built in 1997 — are situated on approximately 13.3, 26.9 and 16.3 acres of land, respectively. As of Oct. 16, the Las Vegas 3 Portfolio was 94.6 percent occupied, with a weighted average effective monthly rent of approximately $1,200.
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