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9/18/25
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In a recent Las Vegas Res buy, MG Properties has purchased The Pearl at St. Rose, a 270-unit, garden-style property located within the city’s desirable Silverado Ranch master-planned community. The property, located at 10250 Spencer St, traded for $64 mil, or $237k/unit.
The Pearl at St. Rose is situated along the St. Rose Corridor in South Las Vegas, offering residents easy access to a wide variety of local retail and amenities, as well as convenient transit to employment centers throughout the Las Vegas Valley. Built in 2000, the property features spacious floor plans, modern interior finishes, and a range of lifestyle amenities including a pool and spa, fitness center, dog park, and resident clubhouse.
The seller, an affiliate of The CONAM Group, was represented by Charles Steele, John Cunningham, and Jared Glover of Berkadia. Financing for the transaction was provided by Freddie Mac and arranged by Kevin Mignogna, Charlie Haggard, Lee Scott, Joey Guarino, and Michael Beach of Berkadia. The closing marks MG Properties’ ninth multifamily acquisition over the past twelve months, comprising 3,250 units and totaling over $1 bil.
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