Northmarq arranges sales of Collage and Kaleidoscope apartment communities 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 sales of the Collage and Kaleidoscope apartment communities. Northmarq represented the seller.
“The buyer was able to gain significant scale in this submarket along with the acquisition of St. Lucia, which closed in July,” said Olivetti.
Built in 1994 and renovated in 2017, Collage is located at 6100 Carmen Blvd. in Las Vegas. Collage community amenities include a wide selection of unique two-bedroom apartment homes with exclusive community and household amenities such as the resort-style pool, spa, fitness center and BBQ grills. The community offers easy access to Highway 95 and Summerlin Parkway, Las Vegas Golf Club, as well as shopping, exclusive dining, entertainment and more.
Kaleidoscope consists of one- and 2-bedroom floor plans, averaging 880 square feet, and is located at 2500 N Rainbow Blvd. in Las Vegas with proximity to Summerlin retail and entertainment, the Mountain View Hospital Medical Campus and easy freeway access. The 208-unit property was built in 1989, renovated in 2017 and sits on 10 acres.
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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.
