A Las Vegas apartment complex sold for more than $ 40 million.
InTrust Property Group has purchased the 198-unit Atlas Apartment Homes on Decatur Boulevard and Rancho Drive near North Las Vegas Airport.
Brokerage firm CBRE Group announced the deal Tuesday and said it had secured a $ 35.25 million loan for the acquisition.
It did not disclose the purchase price but did confirm to the Review Journal, according to property records, that the complex traded for $ 41.25 million and the sale was completed last month.
InTrust, based in Newport Beach, Calif., Plans to update the public areas and renovate the apartments at Atlas, 5067 Madre Mesa Drive, according to a press release.
Contact Eli Segall at esegall@reviewjournal.com or 702-383-0342. Follow @eli_segall on Twitter.
