AIMCO SELLS 670-UNIT MULTIFAMILY COMPLEX

LAS VEGAS — AIMCO has completed the disposition of Canyon Pointe Apartment Homes, a 670-unit multifamily complex located at 5421 E. Harmon Ave in Las Vegas. The 400,196-square-foot property consists of 38 garden-style buildings offering 80 furnished efficiency units; 20 furnished studios; 40 one-bedroom/one-bath units (416 square feet); 224 one-bedroom/one-bath units (504 square feet); 20 one-bedroom/one-bath units (610 square feet); 83 two-bedroom/one-bath units; 78 two-bedroom/two-bath units (786 square feet); 77 two-bedroom/two-bath units (816 square feet) and 48 three-bedroom/two-bath units. Situated on 26.7 acres, the community also features five resort-style swimming pools, a heated spa, a state-of-the-art fitness center, a recently renovated leasing office, covered parking, a playground area and five recently renovated laundry facilities. Joseph Kupiec of Grubb & Ellis|Las Vegas teamed up with Diane Miramontes and Darcy Miramontes of Grubb & Ellis|BRE Commercial San Diego to represent the seller. The buyer and acquisition price were not disclosed.