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Phoenix & Southwest  + Southwest  + Hospitality  | 

Keller Investment Picks Up Tuscan Highlands for $86M

KeyBank Real Estate Capital (KBREC) recently secured an $86.25 million bridge loan for Keller Investment Properties, a real estate investment company based in Centerville, UT. The loan allowed Keller to acquire Tuscan Highlands, a residential resort community in Las Vegas.

Built in 2020, Tuscan Highlands is a 304-unit community bordering the Southern Highlands area of Las Vegas. The property was 77 percent occupied (86 percent leased) at closing last month.

The loan is structured with a three-year interest only initial term with two, one-year extension options and 18 months of yield maintenance. Brian Caudel and Jack Tidrick of KBREC’s commercial mortgage group structured the financing. The deal team included Mike Doherty, Mark Stannert and Chris Jewett.

The community features a 35-foot climbing tower, sand volleyball court, putting green, heated saltwater pool, 12,500-square-foot health club facility, spa, e-sports gaming lounge, golf simulator, wine garden, dog park, podcast recording studio and outdoor gaming area. Services include a lifestyle and event management team, wellness and fitness director, nutrition planner, concierge, yoga and meditation teachers, dog walking service, and spa treatments.

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About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.