|Number of units||456|
JLL is pleased to present the opportunity to acquire Ely at The Curve (the
“Property”), a 456-unit luxury apartment community located in Las Vegas,
Nevada. Developed and constructed by Fairfield in 2010, Ely at the Curve offers
residents expansive one and two bedroom floor plans averaging 945 square
feet. The Property is richly amenitized, featuring two resort-style swimming pool
and spa areas with private cabanas, a contemporary clubhouse with coffee bar,
a fully-equipped fitness center, and an outdoor lounge with fireplace.
Ely at The Curve has achieved sizable rent premiums through unit interior
renovations on a portion of the units, with more than 94% of the apartment
homes remaining in classic, untouched condition, offering investors the
opportunity to capture additional value by continuing or improving upon the
renovation strategy implemented by the current owner.
Ely at The Curve enjoys a prime Spring Valley location, with excellent
demographics in the immediate area compared to the metro area as a whole.
Residents benefit from the community’s outstanding schools and the diverse
retail outlets just a few minutes away. The Property is located adjacent to the
full diamond interchanges of I-215 at Sunset Road and Durango Drive, providing
residents with quick, convenient access to the world famous Las Vegas Strip
and the greater Las Vegas Valley. The Property’s expanding location offers
investors incredible upside with major capital projects planned in the immediate
area and favorable supply/demand fundamentals with a growing submarket
expected to outperform the metro.
Ely at The Curve is a unique opportunity to obtain an institutionally conceived
and developed community with exceptional value-add potential in the best
growth market in the US.
- Valued-add Opportunity
- Exceptional Multifamily Market Fundamentals
- Growing Spring Valley Location Offers Excellent Area Demographics
- Rapidly Expanding Las Vegas Metro