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New York REIT Pays $67.8M for Las Vegas Apartment Complex

Security Properties Sells 414-Unit Avanti Apartments
By Alex Glomb
CoStar Research
January 2, 2019 | 3:06 P.M.

Blackstone Real Estate Income Trust, a non-traded REIT, purchased a 414-unit multifamily complex in Las Vegas from Security Properties. Avanti Apartments sold for $67.75 million, or about $164,000 per unit.

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