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Las Vegas Apartments Ride US Economic Expansion to Lure Another High-End Investor

Chicago's Waterton Picks Up Two-Property Portfolio for $140.2 Million
Waterton has jumped into the Las Vegas rental market with two big purchases including Fairways on Green Valley in suburban Henderson, Nevada. Photo: CoStar
Waterton has jumped into the Las Vegas rental market with two big purchases including Fairways on Green Valley in suburban Henderson, Nevada. Photo: CoStar
By John Doherty
CoStar News
July 2, 2019 | 8:10 P.M.

Waterton is the latest big investor to bet on Las Vegas apartments. And its new deal shows how a market that was overbuilt a decade ago has come to showcase the turnaround that a record stretch of U.S. economic growth can have on commercial real estate.

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