Security Properties Snags Vegas MF from PCCP for $80M

Seattle-based Security Properties acquired the Lofts at 7100, a Class A wrap-style multifamily property in Las Vegas from PCCP for $80 million. The Northwest Las Vegas submarket asset was originally developed in 2008, and includes a total of 379 residential units.

The apartments feature 11-foot ceilings, with some loft-style units designed with 30-foot ceilings; fully-appointed kitchens, full size washer/dryers and either a private patio/balcony or sunroom. Additionally, the property’s amenity package includes two resort-style pools with spa, 24-hour fitness center, clubhouse, pet exercise park, business center, secured parcel room and garage parking.

The business plan is a longer-term investment with moderate upgrade characteristics. Security Properties will be focusing on establishing a uniform spec level.

Security Properties now owns 123 assets totaling roughly 24,500 units across its portfolio, including five properties encompassing more than 1,500 units in the Las Vegas marketplace.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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Security Properties Snags Vegas MF from PCCP for $80M

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National CRE News In Your Inbox.

Security Properties Snags Vegas MF from PCCP for $80M

Inside The Story

About Dennis Kaiser