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Blackstone Pays $170M for Las Vegas Multifamily Portfolio

Nevada West Development Sells 972 Units in 3 Multifamily Communities
By Grace Otoya
June 2, 2017 | 12:47 P.M.

Nevada West Development LLC sold three multifamily properties totaling 972 rental units in metro Las Vegas, NV to The Blackstone Group for $170 million, or about $302 per square foot, in an all-cash sale.

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