Henley Tower 16 Buys 512-Unit Multifamily Community in Las Vegas’ Spring Valley Submarket
LAS VEGAS — Henley Tower 16, a joint venture between Henley USA and Tower 16 Capital Partners, has acquired Foothill Village Apartments, a multifamily property located in the Spring Valley submarket of Las Vegas. Greenberg Traurig sold the property for $50 million in an off-market transaction.
The buyers plan to renovate the property and rebrand it as Altura on Tropicana.
The community features 512 one-, two- and three-bedroom townhomes with central air conditioning and individual electric metering. On-site amenities include three swimming pools, two hot tubs, two basketball courts, four laundry facilities, a business center, a large playground and dog runs.
Pat Sauter, Art Carll-Tangora and Antone Brazill of NAI Vegas retained the buyers in the transaction.