Private Equity

Henley Completes Exit Of Las Vegas Market With Sale Of Large Workforce Housing Portfolio

by benzinga.com posted 5months ago 110 views
BOSTON, April 20, 2021 /PRNewswire/ -- Henley investments, a leading private equity real estate firm based in the UK and the US, together with partners Tower 16 Capital Partners, has sold three workforce housing communities in Las Vegas, totalling 1,165 units for $182m. Since acquiring the properties in September and November of 2018 and July of 2019, the partnership has implemented a program of interior and common area renovations, and in turn has delivered compelling returns for investors and a material increase in value well in advance of their underwriting.