OASIS CROSSINGS APARTMENTS IN LAS VEGAS SELLS FOR $7.4M

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LAS VEGAS – The 72-unit Oasis Crossings Apartments in Las Vegas has sold to Hamilton Zanze (HZ) for $7.4 million. The Class B-plus community is located at 1111 S. Cimarron Road in Summerlin/The Lakes submarket. HZ plans to implement a value-add program that will include capital improvements, expense reduction and new property management via Mission Rock Residential. This is the firm’s second recent acquisition in Las Vegas and its seventh acquisition in the Western U.S. in the past 12 months.

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