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Phoenix & Southwest  + Southwest  + Apartments  |  September 22, 2025
The Pearl at St. Rose sells for $64M
Mike Boyd
By: Mike Boyd

MG Lands 270-Unit Las Vegas Rental Property

MG Properties has acquired The Pearl at St. Rose, a multifamily community in Las Vegas’ Silverado Rancho master-planned community, from The CONAM Group for $64 million.

The Pearl at St. Rose is a 270-unit apartment community along the St. Rose Corridor in South Las Vegas. Built in 2000, the property features a range of lifestyle amenities, including a pool and spa, fitness center, dog park, and resident clubhouse.

Charles Steele, John Cunningham, and Jared Glover of Berkadia represented CONAM. Freddie Mac provided financing for the transaction, which Barkadia’s Kevin Mignogna, Charlie Haggard, Lee Scott, Joey Guarino, and Michael Beach arranged.

The closing marks MG Properties’ ninth multifamily acquisition over the past twelve months, comprising 3,250 units totaling over $1 billion.

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About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.
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