NorthMarq closes acquisition financing of $106,820,000 for Allanza at the Lakes in Las Vegas, Nevada

Allanza at the Lakes

Debt & Equity

Multi-Tenant

LOS ANGELES, CALIFORNIA (June 24, 2019) – NorthMarq Los Angeles’ Ory Schwartz arranged acquisition financing of Allanza at the Lakes, an 896 unit multifamily property located in Las Vegas. This $152,000,000 purchase was the largest single multifamily asset transaction in Nevada history.

The property is located in the Summerlin Lakes Master Planned Community and enjoys a mountain backdrop and close proximity to Las Vegas. Restaurants and shopping opportunities are available in nearby Boca Park. The property is certified under the Las Vegas Crime-Free Multi-Housing program. The community also has easy access to public transportation and the I-215 Freeway,

“The acquisition financing on behalf of a joint venture between TruAmerica and an institutional capital partner, was arranged through NorthMarq’s relationship with Freddie Mac. As a Freddie Mac Select Sponsor, Truamerica leveraged this purchase with attractive Green Advantage financing through the agency’s 10 year floating rate program,” said Schwartz.

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About Northmarq

Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.