RAAMCO LV, LLC purchased the 192 unit Alterra Apartments located at 2701 N. Decatur Blvd, in Las Vegas for $17,700,000. Built in 1996, the property was 96% occupied at the time of sale. This all cash transaction featured a 5.51% CAP on in-place income and closed in 40 days. Art Carll and Patrick Sauter with NAI Vegas’ Sauter Multifamily Group represented the seller, 2701 Decatur, LLC.
