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Calida Grows Vegas Portfolio With 180 Units

By Tony Seruga

New ownership will use part of the loan received from PCCP LLC to renovate the community. Hampton Garden is located in the Summerlin/Spring Valley area, a top-performing submarket.

The Calida Group has acquired a 180-unit community located in the western part of Las Vegas. Hampton Garden traded for $27.5 million, with Pacific Coast Capital Partners providing a $24 million senior loan to the buyer.

A CBRE team arranged the financing package on behalf of Calida, with the capital used both for acquisition and renovations to the community. Located at 9750 Peace Way, Hampton Garden comprises 16 buildings, with a floorplan mix of 48 one-bedroom and 132 two-bedroom units. Sizes range from 800 to 1,100 square feet. Common amenities include:

Calida Grows Vegas Portfolio With 180 Units

Categories : Commercial Real Estate

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