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October 18, 2017
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DiNapoli Capital Partners Buys 400 Res Units in Las Vegas

9/12/17

DiNapoli Capital Partners has obtained $44.6 mil in acquisition financing for the recent purchase of The Palms at Peccole Ranch Apartment Homes, a 404-unit, garden-style apartment community in Las Vegas. The property is located at 9599 West Charleston Blvd, just west of County Hwy 215 in the Summerlin South area.

The Palms at Peccole Ranch consists of 404 residential units in 29 buildings within the Peccole Ranch master-planned community. Units boast wonderful amenities such as nine-foot ceilings, full-sized washers and dryers, walk-in closets, private balcony/patio, and fireplaces (select units).

Residents can enjoy community amenities such as two resort-style swimming pools, lap pool, two spas, a 24-hr fitness center, barbeque areas, a clubhouse, a dog park, and optional detached garages. They can also enjoy the amenities offered by the master-planned community such as a 22-hole disc golf course, walking and biking trails, tennis courts, and basketball courts.

The Palms at Peccole Ranch is located 10 miles west of the Las Vegas Strip and Downtown Las Vegas. The newly-constructed Downtown Summerlin shopping mall, Tivoli Village premier retail center, and Boca Park shopping center are all within two miles of the Property. In addition, the property has great access to I-215, I-515, I-15, US-95, and McCarran International Airport which is a 30-minute drive.

Andrew Behrens and Jesse Weber of CBRE Capital Marketsí Debt & Structured Finance team secured the 10-year, floating-rate Fannie Mae loan on behalf of DiNapoli Capital Partners.




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