Praedium buys 364-unit, D.R. Horton-developed BTR project, LeVante at Valley Vista, for $93M ($255,494/unit) in Vegas

10/17/2024

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MHN

• Subcategory: MF: BTR, MF: Market Rate

• Tag: Sale

• Additional Filters-Subcategory: MF: BTR-Casita, MF: BTR-Townhome, MF: Garden

• Additional Filters-Tags: Sale: Investment, Sale: Single Property

• Company: D.R. Horton (NYSE: DHI), The Praedium Group

The Praedium Group has acquired LeVante at Valley Vista, a 364-unit community in North Las Vegas, Nev. D.R. Horton sold the property for $93 million, according to Yardi Matrix information. Avenue5 Residential manages the community.

The 18-acre LeVante at Valley Vista consists of 91 buildings encompassing 284 three-story garden-style units and 80 detached single-family casitas with private yards. The units have one- to three-bedroom layouts ranging from 649 to 1,390 square feet.