{"id":1004075186,"date":"2013-05-30T05:39:01","date_gmt":"2013-05-30T13:39:01","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004075186"},"modified":"2022-12-08T11:17:18","modified_gmt":"2022-12-08T19:17:18","slug":"wolff-picks-up-200m-m-f-portfolio-in-vegas","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/wolff-picks-up-200m-m-f-portfolio-in-vegas\/","title":{"rendered":"Wolff Picks Up $200M M-F Portfolio in Las Vegas"},"content":{"rendered":"

By Scott Baltic, Contributing Editor<\/em><\/p>\n

The Wolff Co., of Scottsdale, Ariz., has acquired the 3,098-unit \u201cOasis Portfolio\u201d of 14 apartment communities in metro Las Vegas, the company announced Tuesday. The purchase price was $200 million and the transaction closed on May 23, a Wolff spokesperson told Commercial Property Executive<\/em>.<\/p>\n

The seller was Sierra Nevada Multifamily Investments, L.L.C., a joint venture between DRA Advisors, New York, on behalf of an institutional client, and a subsidiary of Camden Property Trust, Houston.<\/p>\n

\u201cThis portfolio represents an excellent mix of assets with strong in-place operations and a potential value-add opportunity as the market continues its recovery,\u201d Fritz Wolff, CEO of The Wolff Co., said in a release. \u201cWe are continuously seeking similar opportunities nationally.\u201d<\/p>\n

The 14 properties are: Oasis Bay (128 units), Oasis Crossing (72), Oasis Emerald (132), Oasis Gateway (360), Oasis Island (118), Oasis Landing (144), Oasis Meadows (383), Oasis Palms (208), Oasis Pearl (90), Oasis Place (240), Oasis Ridge (477), Oasis Sierra (208), Oasis Springs (304) and Oasis Vinings (234).<\/p>\n

In September 1998, Plan Sponsor magazine praised Camden Property Trust\u2019s acquisition of Oasis Residential Inc. and the subsequent spinoff of $248 million in assets.<\/p>\n

Camden reportedly liked the idea of acquiring Oasis, as a way of diversifying its holding geographically, but recognized that the transaction would, paradoxically, give it too much<\/em> concentration in Las Vegas, about 26 percent of Camden\u2019s total units.<\/p>\n

The solution lay in forming Sierra Nevada Multifamily Holdings (with an unnamed U.S. pension fund) and putting about 5,100 units into the new entity, with Camden retaining a 20 percent stake.<\/p>\n

As of March 1, 2013, Camden owned interests in and operated 192 properties totaling 65,005 apartment units across the United States.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Wolff Co., of Scottsdale, Ariz., has acquired the 3,098-unit \u201cOasis Portfolio\u201d of 14 apartment communities in metro Las Vegas.<\/p>\n","protected":false},"author":882,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,1593,13,21742],"tags":[],"class_list":["post-1004075186","post","type-post","status-publish","format-standard","hentry","category-investment","category-las-vegas","category-midwest","category-latest"],"acf":[],"yoast_head":"\nWolff Picks Up $200M M-F Portfolio in Las Vegas - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/wolff-picks-up-200m-m-f-portfolio-in-vegas\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wolff Picks Up $200M M-F Portfolio in Las Vegas\" \/>\n<meta property=\"og:description\" content=\"The Wolff Co., of Scottsdale, Ariz., has acquired the 3,098-unit \u201cOasis Portfolio\u201d of 14 apartment communities in metro Las Vegas.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/wolff-picks-up-200m-m-f-portfolio-in-vegas\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-05-30T13:39:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T19:17:18+00:00\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wolff-picks-up-200m-m-f-portfolio-in-vegas\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wolff-picks-up-200m-m-f-portfolio-in-vegas\\\/\"},\"author\":{\"name\":\"Scott Baltic\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/61ac1450f3ffaa0e850b834c28526555\"},\"headline\":\"Wolff Picks Up $200M M-F Portfolio in Las Vegas\",\"datePublished\":\"2013-05-30T13:39:01+00:00\",\"dateModified\":\"2022-12-08T19:17:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wolff-picks-up-200m-m-f-portfolio-in-vegas\\\/\"},\"wordCount\":269,\"commentCount\":0,\"articleSection\":[\"Investment\",\"Las Vegas\",\"Midwest\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wolff-picks-up-200m-m-f-portfolio-in-vegas\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wolff-picks-up-200m-m-f-portfolio-in-vegas\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wolff-picks-up-200m-m-f-portfolio-in-vegas\\\/\",\"name\":\"Wolff Picks Up $200M M-F Portfolio in Las Vegas - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"datePublished\":\"2013-05-30T13:39:01+00:00\",\"dateModified\":\"2022-12-08T19:17:18+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/61ac1450f3ffaa0e850b834c28526555\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wolff-picks-up-200m-m-f-portfolio-in-vegas\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wolff-picks-up-200m-m-f-portfolio-in-vegas\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wolff-picks-up-200m-m-f-portfolio-in-vegas\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Wolff Picks Up $200M M-F Portfolio in Las Vegas\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/61ac1450f3ffaa0e850b834c28526555\",\"name\":\"Scott Baltic\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2022\\\/06\\\/Scott.jpg?w=96\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2022\\\/06\\\/Scott.jpg?w=96\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2022\\\/06\\\/Scott.jpg?w=96\",\"caption\":\"Scott Baltic\"},\"description\":\"Scott Baltic has been a contributing editor with Commercial Property Executive since 2011 and also wrote for its predecessor, Commercial Property News. He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/scott-baltic\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Wolff Picks Up $200M M-F Portfolio in Las Vegas - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/wolff-picks-up-200m-m-f-portfolio-in-vegas\/","og_locale":"en_US","og_type":"article","og_title":"Wolff Picks Up $200M M-F Portfolio in Las Vegas","og_description":"The Wolff Co., of Scottsdale, Ariz., has acquired the 3,098-unit \u201cOasis Portfolio\u201d of 14 apartment communities in metro Las Vegas.","og_url":"https:\/\/www.commercialsearch.com\/news\/wolff-picks-up-200m-m-f-portfolio-in-vegas\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2013-05-30T13:39:01+00:00","article_modified_time":"2022-12-08T19:17:18+00:00","author":"Scott Baltic","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/wolff-picks-up-200m-m-f-portfolio-in-vegas\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/wolff-picks-up-200m-m-f-portfolio-in-vegas\/"},"author":{"name":"Scott Baltic","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555"},"headline":"Wolff Picks Up $200M M-F Portfolio in Las Vegas","datePublished":"2013-05-30T13:39:01+00:00","dateModified":"2022-12-08T19:17:18+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/wolff-picks-up-200m-m-f-portfolio-in-vegas\/"},"wordCount":269,"commentCount":0,"articleSection":["Investment","Las Vegas","Midwest","News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/wolff-picks-up-200m-m-f-portfolio-in-vegas\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/wolff-picks-up-200m-m-f-portfolio-in-vegas\/","url":"https:\/\/www.commercialsearch.com\/news\/wolff-picks-up-200m-m-f-portfolio-in-vegas\/","name":"Wolff Picks Up $200M M-F Portfolio in Las Vegas - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"datePublished":"2013-05-30T13:39:01+00:00","dateModified":"2022-12-08T19:17:18+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/wolff-picks-up-200m-m-f-portfolio-in-vegas\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/wolff-picks-up-200m-m-f-portfolio-in-vegas\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/wolff-picks-up-200m-m-f-portfolio-in-vegas\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Wolff Picks Up $200M M-F Portfolio in Las Vegas"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555","name":"Scott Baltic","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","caption":"Scott Baltic"},"description":"Scott Baltic has been a contributing editor with Commercial Property Executive since 2011 and also wrote for its predecessor, Commercial Property News. He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.","url":"https:\/\/www.commercialsearch.com\/news\/author\/scott-baltic\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004075186","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/882"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004075186"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004075186\/revisions"}],"predecessor-version":[{"id":1004613526,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004075186\/revisions\/1004613526"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004075186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004075186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004075186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}