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Encinitas real estate agency acquires upscale high-rise in Nevada

Encinitas real estate agency acquires upscale high-rise in Nevada
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United statesLas vegasMike farleyDave mcclainLee redmondJonathan merhautTyler pruettGreg stampleyReno industrial centerSilverwing developmentVictorian square apartmentsVictorian squareTahoe reno industrial centerSouthern californiaEastdil securedAcquisitions dave mcclain

Tower 16 Capital Partners Completes $43 Million | MultifamilyBiz.com

ENCINITAS, CA - San Diego-based Tower 16 Capital Partners has successfully acquired The Deco at Victorian Square, a 209-unit multifamily property located in the rapidly growing Reno, Nevada, market. The project was built in 2021 and acquired for $43 million, well below today’s replacement cost. “This marks our first acquisition in the Reno market and brings us back into Nevada where we previously owned a portfolio of 2,000 units,” said Tower 16 Co-Founder Tyler Pruett..

United statesLas vegasDave mcclainTyler pruettGreg stampleyLee redmondMike farleyJonathan merhautTahoe reno industrial centerCapital partnersDiego based towerVictorian squareFounder tylerSouthern californiaDowntown sparksDowntown reno

Tower 16 Capital Partners Acquires The Deco at Victorian Square, Its First Multifamily Project in Reno, Nevada, for $43 Million

Tower 16 Capital Partners Acquires The Deco at Victorian Square, Its First Multifamily Project in Reno, Nevada, for $43 Million
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United statesTyler pruettGreg stampleyLee redmondLas vegasDave mcclainJonathan merhautMike farleyTahoe reno industrial centerPartners acquires the decoVictorian squareIts first multifamily projectDiego based towerFounder tylerSouthern californiaDowntown reno

Tower 16 Capital Partners Acquires The Deco at Victorian Square, Its First Multifamily Project in Reno, Nevada, for $43 Million

Tower 16 Capital Partners Acquires The Deco at Victorian Square, Its First Multifamily Project in Reno, Nevada, for $43 Million
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United statesGreg stampleyIngrid jonesLee redmondTyler pruettDave mcclainLas vegasMike farleyJonathan merhautTahoe reno industrial centerCommercial real estate investment firm plansScale portfolioNewly built multifamily properties acrossDiego based towerVictorian squareFounder tyler

Tower 16 Capital Partners Acquires The Deco at Victorian Square, Its First Multifamily Project in Reno, Nevada, for $43 Million

RENO, Nev. & SAN DIEGO, February 28, 2024 Tower 16 Capital Partners Acquires The Deco at Victorian Square, Its First Multifamily Project in Reno for $43 million, well below replacement cost.

United statesDave mcclainMike farleyTyler pruettLee redmondJonathan merhautLas vegasGreg stampleyTahoe reno industrial centerCommercial real estate investment firm plansScale portfolioNewly built multifamily properties acrossSan diego based towerVictorian squareFounder tylerSouthern california