Sperry Van Ness brokered the sale of Deer Creek, a 328-unit apartment community located near the Las Vegas Strip in Las Vegas.
The value of the transaction was $21 million.
Originally built in 1979, the property is located at 700 E. Flamingo Road and is situated on 1.7 acres. The 10-building community consists of 310 studio units, 10 one-bedroom/one-bathroom units and eight two-bedroom/two-bathroom units. The property features three swimming pools, two spas and three laundry facilities.
Nevada-based Flamingo Deer Creek LLC sold the property to Southern California-based Atherton-Newport Investments LLC.
Irvine, Calif.-based Sperry Van Ness is a commercial real estate investment brokerage operating in 35 states.