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LAS VEGAS — TruAmerica Multifamily has purchased the 420-unit Montego Bay apartment community in the Las Vegas submarket of Henderson for $51.1 million.
Montego Bay was built in 1990. The Class B community is located at 1050 Whitney Ranch Drive.
TruAmerica plans to renovate the property. The renovation will target the interior units, as well as exterior and common areas. The company now owns about 1,000 rental units within the Las Vegas Valley.