LAS VEGAS, NV - San Francisco-based real estate investment firm Hamilton Zanze announced the sale of Norterra Canyon in North Las Vegas, NV. The firm purchased the property in 2018, through a joint venture with a subsidiary of Cantor Fitzgerald Investors and the sale closed on April 27, 2021. The transaction marks the firms ninth sale in Las Vegas and first DST disposition.
Norterra Canyon was built in 2007 and is located at 5005 Losee Road in North Las Vegas. The property comprises 426 one-, two-, and three-bedroom units averaging 1,076 square feet. Units feature granite countertops, energy star appliances, walk-in closets, patios and balconies, and washers and dryers. Community amenities include a resident lounge, business center, bocce ball, two resort-style pools with cabanas, putting green, and fitness center.
/PRNewswire/ San Francisco-based real estate investment firm Hamilton Zanze is pleased to announce the sale of Norterra Canyon in North Las Vegas, NV. The.
Hamilton Zanze Sells Multifamily Community in North Las Vegas prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Cantor Fitzgerald Announces the Sale of Norterra Canyon Apartments in North Las Vegas, Nevada
News provided by
Share this article
Share this article
NEW YORK, April 28, 2021 /PRNewswire/ A joint venture between a subsidiary of Cantor Fitzgerald Investors, LLC (together with its affiliates, Cantor Fitzgerald ) and Hamilton Zanze & Company ( Hamilton Zanze ), announce the sale of a 426-unit multifamily property known as Norterra Canyon Apartments located North Las Vegas, Nevada. Cantor Fitzgerald, a leading sponsor of 1031 tax-deferred exchange investments, facilitated the sale on behalf of one of its Delaware statutory trust offerings.
Located at 5005 Losee Road, Norterra Canyon Apartments consists of 17.7 acres of land with 20 residential buildings and a clubhouse. Built in 2007 and renovated in 2018, the property includes two swimming pools, picnic areas, a fitness center, putting green, and a dog park. The property enjoys access to major retail and employment centers inclu
DALLAS, TX - A joint venture between a subsidiary of Cantor Fitzgerald Income Trust and affiliates of Cantor Fitzgerald, L.P. and CAF Management, acquired a 304-unit Class A multifamily property known as Keller Springs Crossing located in Carrollton, a submarket of Dallas, TX. The acquisition closed February 25, 2021 and is the third multifamily acquisition by joint ventures between Cantor Fitzgerald sponsored companies and CAF in the greater Dallas area.
The property is strategically located near Dallas North Tollway and President George Bush Turnpike, with easy access to DFW international Airport and major employment centers including the Platinum Corridor, Telecom Corridor, I-90 Corridor, and the Dallas Central Business District. Nearby downtown Carrollton offers commuters multiple light rail transit options with Dallas Area Rapid Transit (DART) and service to Denton using the Denton County Transportation Authority (DCTA). In addition, Keller Springs Crossing is minu