LAS
VEGAS, July 27, 2023 /PRNewswire/ -- National
multifamily real estate development leader Wood Partners, along
with capital partner- Hamburg,
Germany based EuroInvestor, today announced the sale of
Alta Southern Highlands. The asset is Wood Partners' third and most
recent luxury residential community located in the Las Vegas market.
Situated in the scenic foothills of the Southern Highlands
masterplan and just 10 minutes from the Las Vegas strip, Alta Southern Highlands
places residents in close proximity to I-15, granting access to a
diverse range of employment prospects, entertainment, dining and
retail choices, as well as recreational pursuits. Notable employers
in the vicinity include Levi's, Humana, Prologis, CenturyLink and
Universal Health Services. Additionally, Harry Reid International
Airport can be reached in less than 15 minutes by car, ensuring
convenient travel connections in and out of the city.
"We are thrilled to announce the successful sale of Alta
Southern Highlands, which reflects our unwavering commitment to
delivering exceptional residential communities in the vibrant
Southwest region," said Todd Taylor,
Managing Director for Wood Partners. "This achievement highlights
Wood Partners' dedication to exceeding expectations and creating
enduring value for our investors and residents alike."
Alta Southern Highlands offers 228 units comprised of one-, two-
and three-bedroom apartments, with each home featuring
custom-designed floor plans complete with premium kitchen finishes
and technology packages. Across the resort-style community,
residents also have access to an abundance of luxurious shared
amenities to take advantage of, including a state-of-the-art
fitness center, an expansive pool area and a clubhouse with
double-height ceilings. These community features ensure residents
can indulge in a fulfilling lifestyle inside and out of their
apartment homes.
Christian Groth of EuroInvestor
reflected on the project and sale. "We are very happy to have
joined Wood Partners in this transaction," said "This deal checked
all the boxes for us. It has a great location and investment logic
and has been executed by an experienced and professional
development partner. We are impressed by the outcome, which is a
confirmation of the initial thorough due diligence of the
project."
About Wood Partners
Wood Partners is a national leader in the development,
construction, and management of multifamily communities across
the United States. The company has
been involved in the acquisition and development of nearly 90,000
conventional multifamily homes with a combined capitalization of
$17.3 billion. The company currently
owns more than 70 properties across the
United States representing over 20,000 homes. Headquartered
in Atlanta, Wood Partners has
offices in 22 major markets across 15 states nationwide. The
company also operates Wood Residential, an award-winning,
full-service property management group that proudly operates both
properties developed by Wood Partners and communities owned by
third parties. For three years running, Wood Residential has ranked
No. 1 nationally for online reputation in the J Turner ORA™ Power
Rankings (Division III). For more information, visit
woodpartners.com.
Contact: Donya Mansoorian,
bcwwoodpartners@bcw-global.com
About EuroInvestor
EuroInvestor is a Hamburg, Germany based Real Estate Investment
Management Firm that identifies and manages US Investment
Opportunities for European Investors. Over the past 25 years, the
EuroInvestor Group has invested $1.7
billion in real estate. Since 2014, EuroInvestor has started
16 projects with Wood Partners, establishing a track record
excellent returns with 11 highly successful projects sold and the
balance in process and seasoning.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/wood-partners-luxury-residential-community-alta-southern-highlands-secures-buyer-in-vibrant-las-vegas-region-301887504.html
SOURCE Wood Partners