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TruAmerica Multifamily Acquires 896-Unit Allanza at the Lakes in Las Vegas for $152M

Allanza-Las-Vegas-NV

Allanza at the Lakes in Las Vegas features 896 apartments, five swimming pools, two fitness centers, a pet spa, picnic areas and a playground.

LAS VEGAS — Los Angeles-based TruAmerica Multifamily, in a joint venture with an institutional partner, has purchased Allanza at the Lakes, a multifamily property located at 8600 Starboard Drive in Las Vegas, for $152 million. Allanza is the fourth largest apartment community in Nevada and the largest acquisition by unit size in the six-year history of TruAmerica.

Built in 1986, Allanza features 896 units in a mix of one-, two- and three-bedroom layouts spread across 56 two-story buildings on a 40-acre site. Community amenities include five swimming pools, two fitness centers, a pet spa, picnic areas and a playground.

Phillip Weigand and Thomas Olivetti of Northmarq’s Las Vegas office represented the undisclosed seller in the deal.

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