New York, NY – October 9, 2024 – The Praedium Group (Praedium), a real estate investment firm, today announced the acquisition of LeVante at Valley Vista. Kelsey Durels, Director at Praedium, announced the transaction.

Constructed in 2023, LeVante at Valley Vista is a 364-unit, low-density multifamily community located in North Las Vegas. The property features a mix of 284 three-story garden-style units and 80 detached single-family casita units with private yards. Units boast modern finishes such as 9′ ceilings, granite kitchen countertops, hardwood-style flooring, and full-size washer/dryers.

Residents can enjoy a range of amenities, including two swimming pools, a fitness center with a yoga/spin room, and outdoor recreation areas with bocce ball and pickleball courts. The property also features a clubhouse, resident lounge, conference center, and a dog park with pet spa. For added convenience, the community includes EV charging stations, covered parking, and package lockers.

LeVante at Valley Vista is located near public and private investments that are expected to contribute to future job and population growth. Apex Industrial Park, an 18,000-acre industrial park, is expected to create 6,500 total jobs upon completion. Further, a 135-acre mixed-use medical campus is currently in the planning stages. The city of North Las Vegas where LeVante is located has experienced high population growth and was recently ranked the fifth fastest growth city by the U.S. Census Bureau.

The property is also located near US Route 95, Interstate 15, and the 215 Beltway, providing easy access to major employment hubs.

“LeVante is currently nearing the end of its initial lease-up, allowing Praedium to complete the property’s lease-up stabilization,” said Kelsey Durels. “The property’s unique combination of garden-style and casita units, along with its prime location in a master-planned community, positions it well to benefit from the region’s growth.”

The property is situated within the Valley Vista master-planned community, which spans over 600 acres. The community features three neighborhood parks, dog runs, walking trails, and picnic areas. Nearby amenities include highly-rated schools and the Aliante Casino and Golf Club. LeVante is proximate to nearby retail centers including Crossroads Towne Center and Shadow Mountain Marketplace. Additionally, residents have easy access to Red Rock Canyon and Mt. Charleston, providing ample outdoor recreational opportunities.