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Hamilton Zanze Announces Sale of 426-Unit Norterra Canyon Multifamily Community in Strong North Las Vegas Submarket


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. ....

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