West Hollywood Developer Faring Expands Portfolio With Acquisition of 396-Unit The Nicely Flats in Henderson, Nevada

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West Hollywood Developer Faring Expands Portfolio With Acquisition of 396-Unit The Well Apartments in Henderson, Nevada

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.


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