Watt Cos. has sold Tuscan Highlands, newly constructed class A multifamily residential community in Las Vegas, to Keller Investment Properties for $115 million.
Watt acquired the site in 2015 and began ground-up construction on the more than 15-acre property in 2018. The property, which was completed in late 2020, is located in the Southern Highlands master-planned community in the foothills of Las Vegas.
The sale represents one of the highest sales values for residential units in the booming Southern Nevada market to date.
The community features 304 apartments, including studios, one- to two-bedroom units, loft-style homes, and townhomes. Units range from 503 square feet to 1,341 square feet. The community features a multimillion-dollar landscaping plan, creating a true oasis for residents.
A central piece of the development is an array of cutting-edge resort-style amenities, including a clubhouse with an onsite restaurant and bar, a saltwater pool with
