Northcap Commercial Arranges Sale of Cypress Springs Apartments for $20,000,000


Devin Lee, CCIM, Robin Willett, Jerad Roberts, and Jason Dittenber of Northcap Commercial are pleased to announce the recent sale of Cypress Springs Apartments for $20,000,000 ($138,889/unit). This sale consisted of 144 multifamily units located at 3651 N. Rancho Drive in Las Vegas, Nevada.

This transaction closed on August 21st, 2020. Northcap Commercial represented the Seller, AWI Cypress Springs, LP, on this sale.

For additional information, please contact:

Devin Lee, CCIM

Northcap Commercial

(702) 943-1901

Tivoli Village

400 S. Rampart Blvd., Suite 220

Las Vegas, NV 89145


Northcap is a Las Vegas-based, international real estate company focused on acquisition, brokerage and property management. Founded by John Tippins, the company offers an array of services extending into residential and commercial property management, sales and advisory roles. As a brokerage, Northcap’s team has closed on nearly $3 billion in transactions. Northcap is a premier real estate operator that holds the distinction of being named to Forbes Travel Guide. Northcap is also actively involved in their home community with the Downtown Las Vegas Alliance, Fremont Street East Entertainment District, the City of Las Vegas, the UNLV College of Business Board, UNLV Advisory Board and Helping Hands of Vegas Valley.


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