LOS ANGELES, CA - Banyan Residential, a Los Angeles-based private real estate investment firm, has acquired Banyan Brighton, a build-to-rent luxury townhome community in Las Vegas, for $61 million. This marks the firm’s fourth build-to-rent acquisition this year, and its first deal in Las Vegas.
Upon completion, Banyan Brighton will offer a total of 133 two- and three-bedroom townhomes, ranging from 1,396 to 1,479 square feet. Each home includes an attached two-car garage, first-class finishes, and private outdoor living space. The homes are located within the 1,000-acre Skye Canyon master planned community, which offers a 10,000-square-foot indoor fitness facility, modern clubhouse, five-acre sports field, full-service coffee shop, outdoor lap pool, and five distinct parks including green spaces, picnic areas, tennis courts, and dog parks.
“We are proud to expand into the Las Vegas market with the acquisition of Banyan Brighton,” said Max Friedman, Partner, Banyan Residential. “We’re confident that this community will be a success and add value to the North Las Vegas submarket, which continues to outperform both regional and national market averages.”
Banyan Brighton is located in between the Las Vegas Strip and Mt. Charleston – a premier location that will provide residents with easy access to both relaxation and adventure.
Cushman & Wakefield is actively leasing the townhomes delivered to date. Final units are expected to be delivered in Q3 2023.
For more information, please visit Banyan Residential at banyanresidential.com