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Praedium Pays $93M for N. Las Vegas Rental Community
The Praedium Group acquired LeVante at Valley Vista, a 364-unit community in North Las Vegas. D.R. Horton sold the property for $93 million.
The 18-acre LeVante at Valley Vista consists of 91 buildings, 284 three-story garden-style units, and 80 detached single-family casitas with private yards. The units have one—to three-bedroom layouts ranging from 649 to 1,390 square feet.
Amenities include two swimming pools, a fitness center, outdoor recreation areas, a clubhouse, a resident lounge, a conference center and a dog park with pet spa. The residents also have access to EV charging stations and grade-level parking with 546 spots. Located at 7618 N. Decatur Blvd., the property is 7 miles from North Las Vegas Airport and less than 20 miles from downtown Las Vegas.
LeVante Valley Vista is part of a 600-acre neighborhood, the Valley Vista master-planned community. The larger community features three parks, two walking trails with bike paths, as well as pickleball, basketball and volleyball courts.
- ◦Sale/Acquisition
