Western Wealth Capital Acquires Sedona Ridge Apartment Homes in Las Vegas, NV
August 9, 2021
Western Wealth Capital Acquires Sedona Ridge Apartment Homes in Las Vegas, NV
North Vancouver, Canada (August 9, 2021) – Western Wealth Capital (WWC) announces the closing of its 102nd multifamily real estate acquisition – its second acquisition in its expansion into the Las Vegas, Nevada market.
WWC and its investment partners closed on the 144-unit multifamily apartment community of Sedona Ridge Apartment Homes, originally constructed in 1989, on August 5, 2021. This Las Vegas-area deal further solidifies WWC’s footprint in the U.S. multifamily housing market and follows WWC’s disciplined investment criteria.
Sedona Ridge Apartment Homes are southwest of downtown Las Vegas and less than 3 miles from the newly constructed $2 billion Allegiant NFL stadium. The stadium is projected to employ 6,000 permanent staff members and is an 8-minute drive from the property. The McCarran International airport is nearby and Summerlin, the top neighborhood to live in Las Vegas, is 20 minutes away making this an ideal area for WWC’s real estate investments. This property is a prime candidate for WWC’s repeatable value-add program, including interior renovations as many of the units remained unrenovated or under renovated.
“The Las Vegas market is quickly returning to normal” says Jay O’Connor, Senior Director of Acquisitions at WWC. “The city’s year over year rent and population growth is impressive and the job market is continuing to grow. We are thrilled to have now acquired two multifamily properties in Las Vegas back-to-back and look forward to further expansion in the city.”
About Western Wealth Capital
WWC has developed a proven system for investing in multifamily properties in key real estate markets across the U.S. WWC offers investment partners the opportunity to invest in properties with substantial value-add opportunities. Since its inception, WWC has successfully completed more than $3 billion in real estate transactions, including acquiring 102 multifamily rental buildings representing more than 23,000 total units.
WWC’s vision is to build wealth for their investment partners with industry-leading returns. A people-first approach promotes excellence at every point; with highly efficient operations and a true commitment to our communities.
Contact Us
Media and photo requests:
Alex Collins
alex@westernwealthcapital.com
For more information:
604.260.4789
info@westernwealthcapital.com
www.westernwealthcapital.com
No securities commission or similar regulatory authority has reviewed this content. In considering the prior performance information contained herein, prospective investors should bear in mind that past performance is not necessarily indicative of future results, and there can be no assurance that Western Wealth Capital will achieve comparable results. This press release includes forward-looking statements. All statements other than statements of historical facts included in this document, including, without limitation, statements regarding the future financial position, targeted or projected investment returns and business strategy are forward-looking statements. In addition, forward-looking statements generally can be identified by the use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “forecasted,” “projected,” “estimate,” “anticipate,” “believe,” or “continue” or the negative usages thereof or variations thereon or similar terms. Forward-looking statements reflect our current expectations and assumptions as of the date of the statements, and are subject to a number of known and unknown risks, uncertainties and other factors, many of which are beyond our control, which may cause actual results, performance or achievements to be materially different from any anticipated future results, performance or achievements expressed or implied by the forward-looking statements. Although we believe that the assumptions on which the forward-looking statements are made are reasonable, based on the information available to it on the date such statements were made, no assurances can be given as to whether these assumptions will prove to be correct. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements contained are expressly qualified in their entirety by this cautionary statement. No representation or warranty is made to the accuracy or completeness of any of the information contained herein.
