Las Vegas’ Martinique Bay Apartment Complex Purchased by NY-Based Real Estate Firm
LAS VEGAS, NV – Martinique Bay, a 256-unit apartment complex located in Henderson’s Green Valley North master-planned community, has been purchased by a New York-based real estate management firm for a currently undisclosed price.
Clarion Partners Real Estate Income Fund Inc. (CPREX) made the announcement of the acquisition late last week, with Rick Schaupp, the firm’s Managing Director and Fund Manager, saying that the multifamily property was an attractive buy due to it being located in an up-and-coming neighborhood that is adjacent to numerous desirable local amenities.
The purchase of Martinique Bay, in the thriving planned community of Green Valley, is not only ideally located near the Harry Reid International Airport and major shopping and employment hubs, but it is also a great property for families with its above-average unit sizes and access to some of the best public schools in the greater Las Vegas metro,” Schaupp said.
Martinique Bay, according to its website, is a garden-style, luxury apartment building offering tenants two-and-three-bedroom units with numerous high-end perks that are sure to “turn your dream home into a reality.” In addition, the complex’s closeness to the entertainment and dining options of the city of Las Vegas is touted as a major plus as well.
Inside, modern comforts like ample closet space and full-size laundry appliances help simplify your lifestyle, while premium finishes like stainless-steel appliances and bay windows provide plenty of aesthetic appeal,” the website reads. “As a bonus, you’ll be able to take advantage of a robust amenity package and a vibrant location near the very best of the city.”
CPREX currently has over $11 billion invested in the multifamily housing industry throughout multiple major metropolitan marketplaces across the country – including $2 billion in Las Vegas alone – and boasts decades of experience in property management.
Shelter Realty is a Real Estate and Property Management Company specializing in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.