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LAS VEGAS — Security Properties has purchased the 275-unit Verona Apartment Homes in the Las Vegas submarket of Henderson for $40 million. The community is located at 6765 Tulip Falls Drive.
Security Properties-affiliate Madrona Ridge Residential will manage the Class A asset, which was built in 2007.
Verona was purchased through Security’s Multifamily Fund II. It is the fund’s second purchase within the Las Vegas market.