Asset Details

Water: municipal

Sewer: municipal

W/S Billing Method: sub-metered

Electric Billing Method: direct

NOI at Purchase: $119,049

Expected NOI Year 5: $178,508

Family Median Income: $56,005

Income Per Capita: $21,003

Population: 234,807 (as of 2016)

Average 2 BR: $715

Average 3 BR: $960

Median Home Price: $201,400



  • Two miles from Amazon Fulfillment Center, and Amazon adding another 1mm square foot facility in the same area
  • Located near Nellis Air Force Base, which plans to double in size over next 10 years
  • Rapid population growth with high job growth
  • Las Vegas is auctioning off 300 acres for business development near Greenspot’s location
  • The NFL’s Oakland Raiders are set to move to Las Vegas in 2020, creating a projected 14,000 jobs

Pro Forma

There can be no assurance that the actual results or developments anticipated will be realized or, even if substantially realized, that they will have the expected consequences to or effects on the Fund (as defined below) or its operations. There can be no assurance that the Fund will achieve its target returns or avoid losses, including loss of principal.

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