The Villas Portfolio 5055 Jeffreys Street

The CBRE Las Vegas Multifamily Group presents the opportunity to acquire The Villas Portfolio, comprised of two value-add, garden-style multifamily communities in Las Vegas: Reno Villas and El Parque Villas. Totaling 222 units, The Villas Portfolio offers investors strong in-place cash flow with additional interior and exterior value-add opportunities, with the rare benefit of highly accretive assumable financing.

Located in Southeast Las Vegas, Reno Villas is a 122-unit community built in 1980. The property offers a mix of one-bedroom/one-bathroom and two-bedroom/two-bathroom floor plans, averaging 659 square feet. Residents of Reno Villas enjoy mature landscaping throughout the property, a swimming pool and spa, a fitness center, and laundry facilities. Reno Villas is strategically situated near major employment hubs including, the Las Vegas Strip (+/-400,000 jobs), the future Las Vegas A’s ballpark (16,000 construction jobs; 5,400 permanent jobs), the future Hard Rock Las Vegas Resort (2,500 construction jobs; 6,000 permanent jobs), UNLV, and Harry Reid International Airport. 

El Parque Villas is a 100-unit, garden-style community located in the Southwest submarket of Las Vegas. The property consists of nine, two-story buildings offering one-bedroom/one-bath, and two-bedroom/two-bath units averaging 808 square feet, with 23 units containing private backyards. This asset is ideally positioned near the Las Vegas Medical District (16,000+ projected jobs by 2030), UNLV School of Medicine Campus, Chinatown (1.8 million total SF of retail), The Las Vegas Strip (+/-400,000 jobs), and Downtown Las Vegas (Nine major resorts/casinos), providing residents with convenient access to key employment centers and urban amenities. 

The assets within The Villas Portfolio can be acquired either individually or as a portfolio, and can be acquired unencumbered or as loan assumption acquisition to capitalize on the highly accretive in-place debt at each property. To explore financing options and schedule a tour, please contact our team. You can reach out to Adam Schmitt at +1 702 767 3623, Jannie Mongkolsakulkit at +1 702 369 4801, or Justin Neubeck at +1 702 885 4186​​​​​​​.