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Wynn Palms Acquisition Allows Tides to Build Scale
Wynn Palms, a 555-unit garden-style multifamily property in Las Vegas, recently sold for $113.5 million. The buyer was California-based Tides Equities and the seller was California-based 3D Investments LLC.
Director Jared Glover of Berkadia Las Vegas completed the sale on behalf of the buyer.
“The acquisition of Wynn Palms allows Tides to continue building scale around both Chinatown and the resort corridor, capitalizing on record job growth and overall economic recovery in the market,” said Glover. “They plan to implement a strong value-add program, modernizing the units while adding a premier amenity set to the property as a whole.”
Located at 3800 Wynn Rd., Wynn Palms features one- and two-bedroom floorplans with walk-in closets and air conditioning. Community amenities include three swimming pools, six laundry facilities and a playground. The property has access to the Las Vegas Strip, McCarran International Airport, and the shops and restaurants along West Flamingo Road.
- ◦Sale/Acquisition
