Reno City Center LLC TIC
Reno City Center LLC TIC is raising $51,422,000 in equity for a 282-unit mixed-use adaptive reuse asset in Reno, NV, with a projected hold of 6 to 24 months.
Offering price
$60.0M
Price / unit
$240,000
Units
250
Property age
12 yrs
Year-one distribution of 6.25% stepping to 7.20% by year seven.
The property
$125,000,000 acquisition price
Reno City Center LLC TIC
mixed-use real property project
The project is an adaptive reuse development that transforms the former Harrah’s Casino, but no specific construction year or explicit age of the property is stated in the excerpts provided.
219 University Way, Reno, Nevada
219 University Way, Reno, Nevada
$125,000,000
100.0% of portfolio
MADISON CAPITAL GROUP
Mixed-use real property project
219 University Way, Reno, Nevada
282
The project is an adaptive reuse development that transforms the former Harrah’s Casino, but no specific construction year or explicit age of the property is stated in the excerpts provided.
$51,422,000
$0
$51,422,000
—
—
—
—
—