HENDERSON, NV – FARING announced the acquisition of "The Well", a 396-unit residential complex within the world's first community for health-integrated master plans in Henderson, NV.
"With the acquisition of" The Well ", FARING is combining one of the most desirable submarkets of Las Vegas with a very well-located multi-family community," said Jason Illoulian, CEO of FARING.
Illoulian was purchased for $ 83,500,000 and is located on 20 acres. He described the move as "a compelling opportunity to capitalize on Clark County's strong economic growth."
"We still have a lot of capital to buy recently built, stabilized apartment buildings in Nevada and California," added Illoulian.
The 356,000-square-foot complex was completed in 2019 and features lavish living units with amenities like full-size washers and dryers, spacious walk-in closets, and private patios / balconies.
The residents of "The Well" have access to swimming pools and spas, Ramadas with a gas grill, a sand volleyball court, a clubhouse with media lounge and games room, and a 24-hour fitness center.
Source: He's fine