2 Las Vegas Apartment Complexes sold for $70M Combined

With Las Vegas’ heated apartment market showing no signs of cooling, investors recently bought two complexes for nearly $70 million combined. Sunroad Enterprises said Friday that it acquired the 320-unit Avery Park rental complex at 2200 N. Torrey Pines Drive at Smoke Ranch Road. The San Diego Company said it would renovate the common areas […]

Sunroad Gets $165M On Refinancing Apartments

San Diego-based developer Sunroad Enterprises, Inc. has secured $165 million in refinancing on two recently-built luxury multifamily complexes totaling 555 units in the city’s Kearny Mesa neighborhood. Mesa West Capital of Los Angeles originated the short-term mortgage debt, with Mesa West holding the $145 million A-note and New York-based Clarion Partners holding the $20 million […]

Sunroad Enterprises Obtains $165M Refinancing for Two San Diego Luxury Apartment Properties

The 302-unit Vive on the Park is situated in the master-planned community of Sunroad Centrum in the Kearny Mesa submarket. Sunroad Enterprises has obtained $165 million in short-term, first-mortgage loans to refinance two new luxury apartment complexes in San Diego. Financing was secured for the 253-unit Ariva and the 302-unit Vive on the Park. The properties are […]

Sunroad Enterprises Nabs 300-Unit Vegas Asset

Prime Group sold Avery Park in a deal facilitated by HFF. The new owner is set to renovate the property’s common areas and unit interiors over the next two years. Prime Group sold Avery Park Apartments, a 320-unit community in Las Vegas. According to Yardi Matrix data, Sunroad Enterprises acquired the multifamily property for $36.4 […]

Avery Park – Sunroad Enterprises Acquires Second Multifamily Property In Las Vegas

Sunroad Enterprises is pleased to announce that it has acquired Avery Park Apartments in Las Vegas, Nevada. Avery Park Apartments is the fourth existing property to be acquired under Sunroad Enterprises’ rapidly growing Multifamily Division, which now has in excess of 2,250 units in various stages of new vertical construction or active value add renovation.  […]