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RENO, NEV. — Marcus & Millichap has arranged the sale of The ERGS Portfolio, an eight-property apartment portfolio in Reno. The 1,077 units traded for $302.5 million, or $280,872 per unit.
Kenneth Blomsterberg, Ryan Rife and Daniel Winrod of Marcus & Millichap’s Reno office represented the undisclosed seller and procured the undisclosed buyer in the deal.
Built between 1958 and 2021, the portfolio includes:
- North Peak Apartments, 352 units
- Silver Lake Apartments, 352 units
- Sierra Sage Apartments, 232 units
- Vale Apartments, 40 units
- Vale Townhomes, 16 units
- Peavine Peaks, 30 units
- Oak Manor, 47 units
- Angel Street Apartments, eight units