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2/22/16
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Hines has acquired Domain Apartments, a 308-residential property in the Las Vegas suburb of Henderson. Built in 2014, the property is located at 831 Coronado Center Dr, east of I-15 and south of I-215. The price was not disclosed.
The Class A apartment community is 95 percent occupied, offering one-, two- and three-bedroom units and townhomes with an average size of 1.1k sf spread among 25 two-story buildings. The community offers amenities including a resort-style swimming pool, movie theater with stadium seating, a pet park and pet wash, electric vehicle charging stations and bicycle rentals. It is conveniently located near retail, entertainment and employment hubs.
The sellers were represented by Newmark Grubb Knight Frank.
Hines launched its U.S. multifamily platform in 2011. Since then the firm has invested nearly $3 bil in the product type and completed 10 apartment communities representing 2,687 units. Hines has an additional 14 projects underway representing 5,084 units.
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