Apartment Sale at $137 Million Shows Investors' Rediscovered Love of Las Vegas

Renovated, Older Properties Tempt Buyers With Chance for Rent Increases

The 440-unit Stonegate Apartments at 5075 Spyglass Hill Drive in Las Vegas were built in 1991. Photo: CoStar

By John Doherty

CoStar News

July 10, 2019 | 9:01 P.M.

A pair of investors who jumped into the Las Vegas rental market three years ago are cashing out.

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