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MULTIFAMILY + CONDO PROTFOLIO

 


LOFT 5

     Loft 5 is a 5 story mid-rise community located just off Las Vegas Blvd. at Pebble Road, in the heart of the booming South Strip. Built in 2006, the 8 buildings house 272 loft-style units. Loft 5 combines the evolution of modern architecture with the ultimate amenities. This luxury community matches minimalist design with maximum lifestyle. In fall 2009 Northcap began overseeing the construction enhancements, rebranding, marketing and lease-up of this asset. Currently, Northcap maintains the marketing and property management for the property. Northcap purchased Loft 5 in partnership with Dune Capital and KRE Capital in December of 2013.

UNITS:

241

UNIT PRICE:

$199,170

SALES PRICE:

$51,500,000

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one LAS VEGAS

     Built in 2007, One Las Vegas is made up of two 20 story high-rise towers located on the Las Vegas’ South Strip on Las Vegas Blvd. ONE is a tranquil oasis set back from Las Vegas’ exciting cityscape. This 295-unit community is the city’s most convenient address for a balanced lifestyle. In fall 2009 Northcap began overseeing the construction enhancements, re-branding, marketing and lease-up of this asset. Currently, Northcap maintains the marketing and property management for the property. Northcap purchased One Las Vegas in partnership with Dune Capital and KRE Capital in December of 2013.

UNITS:

295

UNIT PRICE:

$183,051

SALES PRICE:

$54,000,000

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THE OGDEN

     This 25 story luxury condo was built in 2007 as Streamline Tower. Under Northcap direction, the 275-unit condo project was rebranded The Ogden. The Ogden is located just a block north of Fremont and Las Vegas Blvd. in the heart of the Downtown Entertainment District. The Ogden provides a front row seat to the Downtown revitalization offering a live, work and play environment. In fall 2009 Northcap began overseeing the construction enhancements, re-branding, marketing and lease-up of this asset. Currently, Northcap maintains the marketing and property management for the property. Northcap purchased The Ogden in partnership with Dune Capital and KRE Capital in December of 2013.

UNITS:

248

UNIT PRICE:

$213,710

SALES PRICE:

$53,000,000

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JUHL

     Juhl provides mid and high-rise living with its urban upscale feel. The fifteen-story, 341-unit glass cube forms a striking signature on Downtown’s skyline. Offering over 100 different floor plans and retail spaces, Juhl is a building where you can define a living space to fit your needs. In summer 2012 Northcap began overseeing the construction enhancements, re-branding, marketing, lease-up and leasing of the retail spaces in-house for the asset. Currently, Northcap maintains the marketing and property management for the property. Northcap purchased Juhl in partnership with Dune Capital and KRE Capital in December of 2013.

UNITS:

306

UNIT PRICE:

$205,882

SALES PRICE:

$63,000,000

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PALMS PLACE

     Palms place is a 599 unit high rise condo hotel of which Northcap oversees the sales and marketing of the property in a joint venture of the remaining 225 developer units. Palms Place maintains a Four Diamond rating and is part of the Palms Hotel and Casino Resort. Northcap is overseeing the remodeling of the developer units in conjunction with designer Amy Kim formally with Philippe Stark.

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NEWPORT LOFTS

     This luxury tower was built in 2007 and is made up of 168 units rising 24 stories high. Newport Lofts brings luxury, loft-style living to the thriving Downtown Arts District. Each loft features views of the Strip, Downtown or the mountains. Northcap began the sales and marketing of this asset in the summer of 2011 and sold out the remaining 42 units in nine months.

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THE GRAMERCY

     With an emphasis on redefining space to fit your lifestyle, The Gramercy is a luxury mixed-use property combining luxury high-rise residences, urban-style apartments, beautiful light-filled lofts, Class A office space, amenity-filled courtyards, and high-end retail into one incredible destination. Pulling out all the stops, The Gramercy pairs the ethos of a hip, urban village with maximum luxury amenities and service.

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