Hines Global REIT II Buys Nevada Multifamily Property for $58.2 Million

February 9, 2016

Feb 05 2016 | Article by: The DI Wire

Hines Global REIT II Inc., a publicly registered non-traded real estate investment trust, finalized the purchase of the Domain Apartments in Henderson, Nevada for $58.2 million, exclusive of transaction costs. The seller was LV Eastern LLC.

Domain Apartments was constructed in 2014 and consists of 308 units with an average unit size of 1,075 square feet. The community features amenities including a fitness center, swimming pool, movie theater, electric vehicle charging stations and bicycle rentals. The property is currently 95 percent leased, with an average effective monthly rental rate of $1,252 per unit.

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Second Annual Blue Vault Broker Dealer Educational Summit 2016
2016 Broker Dealer Educational Summit 2016
May 30, 2016

Best Due Diligence meeting in the industry. No sales pitches, senior level decision makers, meaningful discussions and the Broker Dealer networking sessions were especially useful. Thanks to Blue Vault for raising the bar!