Siegel Pays $4 Million For Downtown LV Apartments

Posted on by & filed under Power Broker Confidential.

The Siegel Group Nevada bought a 247-unit apartment portfolio at 1300, 1401, and 1500 Fremont St. in downtown Las Vegas for $3.85 million, or $15,600 per unit, in a distressed sale from an out-of-state investment group. The three-story 33-year-old short-term stay apartments were 90% occupied at the time of sale. Odyssey Realty was the listing agent.