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TruAmerica Bets on Value-Add Townhouse Development Near Las Vegas

Investor Extends Dealmaking in Nevada With $73 Million Deal
The Parkway Townhomes in Henderson, Nevada, a 1995 property in need of some repairs, was sold to multifamily investor TruAmerica for more than $73 million. (CoStar)
The Parkway Townhomes in Henderson, Nevada, a 1995 property in need of some repairs, was sold to multifamily investor TruAmerica for more than $73 million. (CoStar)
CoStar News
June 28, 2024 | 8:11 P.M.

Los Angeles-based investor TruAmerica Multifamily has purchased a vintage townhouse development outside Las Vegas as the company expands its inventory in the state by targeting older properties in need of repairs to meet a growing demand for workforce housing.

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