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New York Group Buys Spanish Oaks Apts. for $18.65M

San Francisco Investor Sells Las Vegas Multifamily at 2301 S. Valley View
By Micah Horowitz
June 21, 2007 | 3:30 AM

VRP Spanish Oaks LLC, a New York-based entity, purchased the Spanish Oaks Apartments at 2301 S. Valley View Blvd. in Las Vegas for $18.65 million. San Francisco, CA-based Portico Spanish Oaks LLC old the complex for approximately $86,343 per unit. At the time of sale, the investment reported a 6.1% cap rate.

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