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Cushman & Wakefield, Inc. is pleased to present the exclusive opportunity to acquire Xander 3900 (the Property), a 1996-construction, value-add, 480-unit apartment community located in the Lone Mountain submarket of Las Vegas, NV.

Las Vegas is one of the fastest growing and best performing multifamily markets in the nation (over 20% year over year rent growth), positioning Xander 3900 as a limited-risk investment with superior rent growth prospects and long-term value appreciation potential.

Xander 3900 provides investors with the opportunity to gain instant scale in the highly desirable Las Vegas market. The property features two highly-amenitized clubhouses that offers residents a business center, game area, sauna, oversized gym, and conference rooms. Additionally, 34% of units have been renovated at the property, leaving plenty of renovation income upside on the offering.

The property also benefits from its close proximity to the US 95 freeway, as well as the highly affluent submarkets of Summerlin and Centennial Hills. The property is located in the Lone Mountain submarket which experienced some of the highest rent growth rates in Las Vegas at a 23.1% Y-o-Y change.

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Xander 3900
480 Units
3900 Dalecrest Drive
Las Vegas, NV  89129
Posted: 3/29/2022