NAI SAUTER SELLS RANCHO ALVARADO IN LV FOR $7.3M

LAS VEGAS – NAI Sauter Companies has sold the 305-unit Rancho Alvarado multifamily complex in Las Vegas to Las Vegas Alvarado Apartments, LLC, for $7.3 million. The seller was Blue Valley Apartments. NAI's Patrick Sauter brokered this all-cash transaction, which closed escrow in less than 10 days.