FCP, a private real estate investment firm that makes equity and debt investments in commercial and residential properties directly and with operating partners, acquired The Avondale, a 560-unit apartment complex in Las Vegas, from Los Angeles-based Oaktree Capital Management for $152 million, or approximately $271,429 per unit.
FCP acquires apartments in Las Vegas' Peccole Ranch for $152 million
Sale of 560-unit Avondale marks buyer's first investment in Las Vegas market
By Clarice King with
October 2, 2025 | 9:40 P.M.
RELATED ARTICLES
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In
IN THIS ARTICLE
- Properties
- The Avondale
9225 Charleston Blvd, Las Vegas, NV
- Companies
- FCP
Finance and Insurance
- Oaktree Capital Management, L.P.
Finance and Insurance
- Contacts
- Adam Schmitt
First Vice President, CBRE
- Spence Ballif
Executive Vice President, CBRE
- Jannie Mongkolsakulkit
Client Services Specialist, CBRE
- Justin Neubeck
Associate, CBRE
- Maximiliane Leachman
Vice Chair, CBRE