In today’s competitive market, it is uncommon to find a single investor taking on a multimillion-dollar apartment project alone. It has become necessary to share the risk in order to move forward with developments. The partnership between Cantor Fitzgerald, Silverstein Properties, and TRU Development has resulted in the opening of APEX@meadows – a luxurious multifamily community consisting of 334 units located in Las Vegas.
The project was initiated back in 2021 when the development team secured a $50.7 million construction loan from Mack Real Estate Group according to data from Yardi Matrix. Perlman Architects served as the lead architect for this venture while Martin-Harris Construction acted as general contractor and Greystar took on leasing and property management responsibilities. In 2018, Silverstein Properties acquired the site for this project which spans over 9.6 acres at its location on Meadows Lane.
APEX@meadows features two five-story buildings offering one- and two-bedroom floorplans ranging from 639-943 square feet each. Residents can enjoy various amenities including a swimming pool, fitness center, outdoor courtyard area, clubhouse lounge space with rooftop access perfect for socializing or co-working purposes along with spa facilities all within controlled access premises that also offer ample parking space totaling approximately 551 spots.
This recent development by our trio of investors marks another successful addition to Las Vegas’ rental housing market without any mention needed about Connect CRE or its regional branches such as Connect LA or Connect Texas.
