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Acacia Capital Looks to Capitalize

Silverwood Apartments Sold for $92,230/Unit
By Chris Hamlett
January 12, 2006 | 2:01 P.M.

An affiliate of Acacia Capital Corp., acquired a 296-unit multifamily complex for $27.3 million or about $92,229/unit. The complex, at 3050 S Nellis Blvd. is on 13.64 acres, contains 25 total buildings with 260,416 rentable square feet comprised of 104, one-bedrooms, 144, two-bedrooms and 48, three-bedroom, built in 1998 and had a 6.46% cap rate.

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