LAS VEGAS, Nev., November 2, 2021 – Cushman & Wakefield announced the firm has brokered the sale of the newly developed Elysian at The Palms apartment community in Las Vegas, Nevada. Built in 2021, the 286-unit, Class A multifamily asset is located at 3850 West Nevso Dr, adjacent to the world-famous Las Vegas Strip.
Acquired by Chicago-based Walton Street Capital, the property was originally developed and sold by The Calida Group. The Calida Group has developed or acquired more than 16,000 units in Las Vegas since 2007.
Members of Cushman & Wakefield’s Multifamily Advisory Group including Taylor Sims, Carl Sims, and Brady Cleary in Las Vegas and Marc Renard in Los Angeles represented the seller.
Taylor Sims, Senior Director said, “Situated in the heart of Las Vegas’ entertainment corridor, Elysian at The Palms is a class-leading asset. The design is beautiful, and the amenity base provides residents with a superior living experience that is unmatched in this town. The property has resonated very well with renters as evidenced by its strong leasing activity, and investors saw the draw as well. This is one of the most spectacular and unique investments in Las Vegas.”
Elysian at Palms offers designer interior finishes, spacious floorplans and contemporary amenities. The property features minimum 9-foot ceilings, smart home automation with security and comfort settings, premier fixtures and hardware, stainless steel appliances, tankless water heaters, state-of-the-art LED lighting, wood-inspired flooring, custom-designed walk-in-closets, and more.
The four-story apartment community also features many best-in-class on-site amenities such as oversized fitness centers, including yoga, spin rooms, cardio and strength training facilities overlooking the Las Vegas skyline. There are luxurious resident clubhouse and wi-fi lounge, and multiple amenity spaces, including game rooms, pool and poker tables, dog park, massage room, tanning salon, and wine tasting room. The property is also surrounded by numerous retail, shopping, dining and entertainment venues located nearby.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and 60 countries. In 2020, the firm had revenue of $7.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
