Real Estate

Tower 16 Sells 3 Las Vegas Properties For $182M

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The firm acquired the portfolio totaling 1,165 units in three separate deals. : Tower 16 Capital Partners has sold three apartment communities in Las Vegas with a total of 1,165 units to an undisclosed buyer for $182 million. The commercial real estate investment and management company acquired the properties for $112 million and spent $10.3 million on improvements on the assets during the two and a half years of ownership.

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