{"id":1004107966,"date":"2014-11-20T08:32:48","date_gmt":"2014-11-20T16:32:48","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=308134"},"modified":"2022-12-08T20:19:59","modified_gmt":"2022-12-09T04:19:59","slug":"kislak-group-buys-southwest-las-vegas-m-f-asset-for-29-3m-2","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/kislak-group-buys-southwest-las-vegas-m-f-asset-for-29-3m-2\/","title":{"rendered":"Kislak Group Buys Southwest Las Vegas M-F Asset for $29.3M"},"content":{"rendered":"<p class=\"MsoNormal\"><em>By Alex Girda, Associate Editor<\/em><\/p>\n<p class=\"MsoNormal\">As a deal recently completed by the Kislak Organization shows, signs are pointing n multi-family investment market that continues to exceed expectations. \u00a0The \u00a0Miami Lakes, Fla.-based firm recently paid $29.3 million for the Alicante Villa Apartments, a 232-unit complex in south Las Vegas.<a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/11\/alicante-villa-apartments.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-308135\" title=\"alicante villa apartments\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/11\/alicante-villa-apartments.jpg\" alt=\"\" width=\"300\" height=\"200\" \/><\/a><\/p>\n<p class=\"MsoNormal\">The transaction between Kislak and seller Alicante Villa Apartments, LLC was arranged by Jeffrey Swinger and Spencer Ballif of CBRE Group Inc. \u00a0Andrew Behrens, vice chairman with CBRE Capital Markets&#8217; Debt and Structured Finance Institutional Group, secured acquisition financing through Freddie Mac.<\/p>\n<p class=\"MsoNormal\">Alicante Villa Apartments is \u00a0located in the city&#8217;s fast-growing southwest area, which offers attractive retail and dining choices as well as major employment centers. Also nearby is Downtown Summerlin, the 1.6 million-square-foot shopping, dining and entertainment district that opened its doors last month.<\/p>\n<p class=\"MsoNormal\">Developed in 2001, Alicante Villa offers amenities that include a pool, spa, health center, a barbecue area,a community courtyard, \u00a0a business center and a controlled-access gate. Kislak is considering upgrades of unit interiors, clubhouse, amenities and exterior. The asset includes one-, two- and three-bedroom units with spacious kitchens and walk-in closets. Alicante Villa\u00a0also offers views of the nearby mountains.<\/p>\n<p class=\"MsoNormal\">According to Thomas Bartelmo, the CEO of the Kislak Organization, the company has been observing the market \u201cvery closely\u201d and the company moved for Alicante Villa as a result. Bartelmo also noted that \u201cwe are continuing to look for opportunities to expand our presence in this dynamic city.\u201d<\/p>\n<p>Image courtesy of\u00a0<em>alicantevillaapts.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As the Kislak Organization recently completed the acquisition of a multifamily property in the city of Las Vegas, signs seem to be pointing toward a more dynamic real estate market than most thought. The national real estate investment firm based in Miami Lakes, Florida recently paid a total of $29.3 million for the Alicante Villa Apartments.<\/p>\n","protected":false},"author":237,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1593,21742],"tags":[],"class_list":["post-1004107966","post","type-post","status-publish","format-standard","hentry","category-las-vegas","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Kislak Group Buys Southwest Las Vegas M-F Asset for $29.3M - 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\/kislak-group-buys-southwest-las-vegas-m-f-asset-for-29-3m-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kislak Group Buys Southwest Las Vegas M-F Asset for $29.3M\" \/>\n<meta property=\"og:description\" content=\"As the Kislak Organization recently completed the acquisition of a multifamily property in the city of Las Vegas, signs seem to be pointing toward a more dynamic real estate market than most thought. The national real estate investment firm based in Miami Lakes, Florida recently paid a total of $29.3 million for the Alicante Villa Apartments.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/kislak-group-buys-southwest-las-vegas-m-f-asset-for-29-3m-2\/\" \/>\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=\"2014-11-20T16:32:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T04:19:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/11\/alicante-villa-apartments.jpg\" \/>\n<meta name=\"author\" content=\"Anca Gagiuc\" \/>\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\\\/kislak-group-buys-southwest-las-vegas-m-f-asset-for-29-3m-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/kislak-group-buys-southwest-las-vegas-m-f-asset-for-29-3m-2\\\/\"},\"author\":{\"name\":\"Anca Gagiuc\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\"},\"headline\":\"Kislak Group Buys Southwest Las Vegas M-F Asset for $29.3M\",\"datePublished\":\"2014-11-20T16:32:48+00:00\",\"dateModified\":\"2022-12-09T04:19:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/kislak-group-buys-southwest-las-vegas-m-f-asset-for-29-3m-2\\\/\"},\"wordCount\":256,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/kislak-group-buys-southwest-las-vegas-m-f-asset-for-29-3m-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/11\\\/alicante-villa-apartments.jpg\",\"articleSection\":[\"Las Vegas\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/kislak-group-buys-southwest-las-vegas-m-f-asset-for-29-3m-2\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/kislak-group-buys-southwest-las-vegas-m-f-asset-for-29-3m-2\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/kislak-group-buys-southwest-las-vegas-m-f-asset-for-29-3m-2\\\/\",\"name\":\"Kislak Group Buys Southwest Las Vegas M-F Asset for $29.3M - 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