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MG Properties Grows Las Vegas Footprint With $81M Buy – Multifamily Real Estate News

Davlyn Investments Completes $65 5 Million Acquisition of 184-Unit Rancho Destino Apartment Community in Las Vegas

SAN DIEGO, CA - Davlyn Investments, a prominent California-based, multi-family investment firm, recently closed escrow on the $65,500,000 purchase of “Rancho Destino” a 184-unit, luxury, multi-family community in Las Vegas, Nevada. The property, which has been re-branded “Aviara,” was constructed in 1998 and marks Davlyn’s second acquisition in Nevada. The CBRE team of Spence Ballif, Adam Schmitt and Jannie Mongkolsakulkit represented the Seller. Debt was provided.

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