CONAM Fund IV Adds Alicante Apartment Homes to Las Vegas Portfolio

Developed in 2001, the garden-style community spans 11.29 acres and distinguishes itself from local inventory through generous unit sizes, which average 1,092 square feet. The property features one-, two-, and three-bedroom layouts outfitted with quartz countertops, stainless steel appliances, and luxury vinyl plank flooring. Residents also have access to amenities including a fitness center with dedicated yoga and spin studios, a swimming pool, and a billiards room.

Strategically located less than a mile from Summerlin, the asset serves a demographic where average household incomes exceed $112,000 within a one-mile radius. Zach Markell, Acquisitions Director at CONAM, noted that the acquisition aligns with the firm’s strategy of securing well-built suburban assets in markets characterized by durable demand and robust demographics. This deal reinforces CONAM’s long-standing presence in Southern Nevada, where the San Diego-based investment firm has operated for decades.