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June 15, 2024
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Walton Street Capital Picks Up Newly Developed Res Community in Las Vegas


Chicago-based Walton Street Capital has acquired Elysian at The Palms, a 286-unit, newly developed apartment community in Las Vegas. Built in 2021, the 286-unit, Class A multifamily asset is located at 3850 West Nevso Dr, adjacent to the world-famous Las Vegas Strip.

Elysian at Palms offers designer interior finishes, spacious floorplans and contemporary amenities. The property features minimum 9-foot ceilings, smart home automation with security and comfort settings, premier fixtures and hardware, stainless steel appliances, tankless water heaters, state-of-the-art LED lighting, wood-inspired flooring, custom-designed walk-in-closets, and more.

The four-story apartment community also features many best-in-class on-site amenities such as oversized fitness centers, including yoga, spin rooms, cardio and strength training facilities overlooking the Las Vegas skyline. There are luxurious resident clubhouse and wi-fi lounge, and multiple amenity spaces, including game rooms, pool and poker tables, dog park, massage room, tanning salon, and wine tasting room. The property is also surrounded by numerous retail, shopping, dining and entertainment venues located nearby.

The property was originally developed and sold by The Calida Group. The Calida Group has developed or acquired more than 16,000 units in Las Vegas since 2007. They were represented in the deal by members of Cushman & Wakefield’s Multifamily Advisory Group, including Taylor Sims, Carl Sims, Brady Cleary and Marc Renard. The price was not disclosed.

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