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Western Wealth Buys Las Vegas Apartments For $39M

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San Michele Apartment Homes last sold in late 2015 for $13.4 million. : Haven Realty Capital has sold San Michele Apartment Homes, a 216-unit multifamily asset in Las Vegas, for $38.8 million, according to records filed with Clark County. The buyer, Western Wealth Capital, financed the acquisition with a loan from Bridge Investment Group. The Class B asset last changed hands in December 2015, Yardi Matrix data shows, when Haven paid $13.4 million to buy the community from Fannie Mae. The GSE had been holding the property following a foreclosure action in late 2013.

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