U.S.-based real estate investment firm Bridge Investment Group announced that it has divested its four-property, 480-unit portfolio in Las Vegas to Canadian real estate advisory firm Prism Multifamily Group.
Prism Multifamily paid $46.8 million for the property assets to Bridge Investment Group.
U.S.-based lender Bank of America funded acquisition with $40 million.
The four class A and class B communities assets include Prism at Bonanza, 144 units, Spectrum at Katie, 128 units, Spectrum at Bonanza, 118 units and Spectra at Reno, 90 units.