Back to NewsThe transaction marks the buyer’s third acquisition in the market.
Davlyn Investments has purchased Spectrum, a 252-unit luxury multifamily community in Las Vegas, and rebranded it to The Michael B Townhomes and Apartments. The Bascom Group sold the asset for $67 million. The company had acquired the property back in 2016 from Tilden Properties for $38.3 million, according to Yardi Matrix data.
The property marks Davlyn’s third acquisition in Las Vegas. The firm entered the market in early 2022 with the purchase of a 312-unit community in North Las Vegas.
