RENO, NEV. — Berkadia brokered the sale of and secured financing for Westlook Resort Living, a 192-unit garden-style property in Reno. Jared Glover of Berkadia Las Vegas completed the sale on behalf of the seller. Clay Akiwenzie of Berkadia Incline Village secured the financing for the buyer. Westlook Resort Living offers one-, two- and three-bedroom floor plans. Community amenities include a clubhouse, a fitness center, bocce and cornhole courts, a pool and a dog park.
SPARKS, NEV. — Lewis Apartment Communities, a development and management firm based out of Upland, California, has broken ground on Homecoming at Kiley Ranch in Sparks. Homecoming at Kiley Ranch will be a gated-access community. The development includes 306 apartment and townhome units and will feature amenities such as a clubhouse with fitness center and package lockers, a pool, barbeques, firepits, playground, dog park and EV chargers. Apartments offer one-, two-, three- and four-bedroom floor plans featuring balconies or patios, washers and dryers, walk-in closets and stainless-steel kitchen appliances. Townhomes …
LAS VEGAS — Pembrook Capital Management has provided a $27.6 million first mortgage bridge loan and a $10.6 million preferred equity investment for the acquisition and renovation of 127 apartment units located at 1455 E. Katie Ave. in Las Vegas. The name of the borrower was not released. The Valencia Apartments complex features 21 two-story buildings offering a total of 227 units spread across 10.5 acres. Pembrook’s financing allows for the purchase of 127 units (56 percent of the property), including 72 one-bedroom, 49 two-bedroom and six three-bedroom apartments. The …
