SEATTLE, June 7, 2019 /PRNewswire/ — On June 6, 2019, Security Properties purchased The Edge, a 296-unit, Class-A garden-style community located in Henderson, NV.
The Edge at Traverse Point is located within the highly desirable Henderson submarket. Situated just 20 minutes southeast of both the Las Vegas Strip and downtown Las Vegas, Henderson has historically been the area’s top-performing submarket. Rents in this area have increased approximately 20% over the previous three years and was one of the metro’s first submarkets to bounce back after the recession in terms of rent growth.
The asset has a strong micro-location at the intersection of Wigwam Parkway and N. Gibson Road with a grocery-anchored retail center within ½ mile...Read More