Western Wealth Capital Enters Las Vegas Market

Western Wealth Capital Enters the Nevada Market with the Acquisition of San Michele Apartment Homes in Las Vegas

North Vancouver, Canada (July 21, 2021) – Western Wealth Capital (WWC), a growth-oriented real estate investment company, announces the closing of its very first Nevada-area real estate deal, continuing their robust growth in select U.S. multifamily housing markets.

WWC and its investment partners closed on the 216 multifamily apartment community of San Michele Apartment Homes, originally constructed in 1997, on July 14th, 2021. This Nevada-area deal further solidifies WWC’s footprint in the U.S. multifamily housing market and follows WWC’s disciplined investment criteria. San Michele is WWC’s 101st acquisition since its founding in 2014.

San Michele Apartment Homes is located in Las Vegas, Nevada. The property is 14-minutes from the Las Vegas ‘Strip’ and 11-minutes from Summerlin, one of Las Vegas’ most desirable neighborhoods. The newly constructed Allegiant Stadium, home of Las Vegas Raiders, is located 21-minutes from the property and the newly upgraded Las Vegas convention center has added an additional 7,800 jobs nearby. This property is a prime candidate for WWC’s repeatable value-add program, including interior renovations as many of the units retain their original finishes from nearly 25 years ago.

“We have been looking at the Las Vegas market for quite some time now” says Jay O’Connor, Senior Director of Acquisitions at WWC. “The city’s year over year rent growth is very favorable and the job market has picked up considerably from last year. We are very excited to launch into this new market and expand upon our national reach.”

WWC has acquired 101 multifamily rental buildings, representing $2.4 billion in acquisitions, and a total transactional value of over $3 billion. The company’s current portfolio of assets under management, includes 57 multifamily rental buildings totaling more than 15,400 units.

About Western Wealth Capital

WWC has developed a proven system for investing in multifamily properties in key real estate markets across the U.S. WWC offers investment partners the opportunity to invest in properties with substantial value-add opportunities. Since its inception, WWC has successfully completed more than $3 billion in real estate transactions, including acquiring 101 multifamily rental buildings representing more than 23,000 total units.

WWC’s vision is to build wealth for their investment partners with industry-leading returns. A people-first approach promotes excellence at every point; with highly efficient operations and a true commitment to our communities.

Contact Us

Media and photo requests:

Alex Collins
alex@westernwealthcapital.com

For more information:

604.260.4789

info@westernwealthcapital.com

www.westernwealthcapital.com

No securities commission or similar regulatory authority has reviewed this content. In considering the prior performance information contained herein, prospective investors should bear in mind that past performance is not necessarily indicative of future results, and there can be no assurance that Western Wealth Capital will achieve comparable results. This press release includes forward-looking statements. All statements other than statements of historical facts included in this document, including, without limitation, statements regarding the future financial position, targeted or projected investment returns and business strategy are forward-looking statements. In addition, forward-looking statements generally can be identified by the use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “forecasted,” “projected,” “estimate,” “anticipate,” “believe,” or “continue” or the negative usages thereof or variations thereon or similar terms. Forward-looking statements reflect our current expectations and assumptions as of the date of the statements, and are subject to a number of known and unknown risks, uncertainties and other factors, many of which are beyond our control, which may cause actual results, performance or achievements to be materially different from any anticipated future results, performance or achievements expressed or implied by the forward-looking statements. Although we believe that the assumptions on which the forward-looking statements are made are reasonable, based on the information available to it on the date such statements were made, no assurances can be given as to whether these assumptions will prove to be correct. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements contained are expressly qualified in their entirety by this cautionary statement. No representation or warranty is made to the accuracy or completeness of any of the information contained herein.