Northmarq arranges sale of Calypso apartment community in Las Vegas, NV
LAS VEGAS (Sept. 26, 2024) — Northmarq Managing Directors Thomas Olivetti and Taylor Sims of the Las Vegas Multifamily Investment Sales team successfully brokered the sale of the Calypso apartment community located at 6501 Vegas Dr. in Las Vegas.
Northmarq represented the seller.
“The buyer has owned and sold other multifamily assets in the Las Vegas marketplace over the years and Calypso presented them with the perfect opportunity to re-enter the market,” said Olivetti.
Built in 1997, the 360-unit Calypso community consists of two-bedroom, two-bathroom, over 1,100 sq. ft. floor plans. Calypso community amenities include a fitness center, clubhouse, business center, racquetball court, two swimming pools, package lockers, two dog parks and barbecue areas. Calypso’s location offers direct access to major freeways and interstates, facilitating easy connection to nearby employment centers like the Las Vegas Strip, only a 10-minute drive away. Calypso’s proximity to Summerlin offers access to retail, medical and professional business employment opportunities.
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Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.northmarq.com.
