Marcus & Millichap

Kenneth N. Blomsterberg

Overview

Ken joined Marcus and Millichap in 1989 and has become one of the top Brokers in the Western United States, specializing in the multi-family market in Northern Nevada. Ken was promoted to Senior Investment Manager in 1998, Vice President Investments in 2008 and First Vice President Investments in 2009. Ken also serves as Director of Marcus and Millichap's National Multi-Housing Group.

Ken has been a guest speaker at various investment seminars and sits on the Board of Directors for the Child Abuse Prevention Council of Sacramento and Prevent Child Abuse California. Ken's studies included Electrical Design Engineering at the University of California, Los Angeles.

Reno
Kenneth N. Blomsterberg

Kenneth N. Blomsterberg

First Vice President Investments
Tel: (916) 724-1289
Fax: (775) 348-5210

License:  CA  00669083
License:  NV  06886

Director - National Multi Housing Group
Associate Director - Special Asset Services Group

In his over 30 years in Real Estate, Ken has represented such clients as AG Spanos Company, Standard Management, MG Properties, RPM Company, Texas Capital Partners, Pelican, LLC, Mentor Development, Edgewood Properties and Casaterra Partners, LLC.

University of California - Los Angeles

During the course of Ken's career, he has closed more than $1.5 billion in Commercial Real Estate Investments and has been acknowledged almost every year as one of Marcus and Millichap's top agents: 1993, 1995, 2000 - 2009, 2012, 2014 and 2015. Ken was also nominated for Humanitarian of the Year in 1996 and 1997 by the Association of Commercial Real Estate Brokers of Sacramento. Ken was awarded the 2012 Reno Summit Awards for Investment Broker of the Year and Broker of the Year Overall and the 2013 Reno Summit Award for Multi-Family Broker of the Year. 

Our Team

Kenneth N. Blomsterberg, Ryan Rife, Benjamin L. Nelson

The Number One Multi-Family Group in Northern Nevada

Kenneth N. Blomsterberg, Ryan M. Rife and Benjamin L. Nelson make up the Blomsterberg Team of Marcus & Millichap. The Team offers over 35 years of major multifamily brokerage knowledge and analysis and underwriting experience in northern Nevada and northern California, with an emphasis on the Reno-Sparks market. Ken Blomsterberg has been an agent with Marcus and Millichap since 1989, is licensed in both California and Nevada and is the firm's Nevada Corporate Broker for Reno. Ken and his team specialize in large apartment communities for both the Sacramento and Reno offices. Ryan and Ben add their expertise in smaller and mid-sized apartment communities to our team. Jennifer Pearson, the Team Coordinator, has served the Blomsterberg Team for 9 years. Ken has closed over $1.5 billion in commercial real estate; $300 million of real estate in the Reno-Sparks region and over $300 million of real estate in the Sacramento region, in the past few years. The Blomsterberg Team is the only brokerage group in northern Nevada specializing in multifamily product, offering unrivaled market insight, investment strategy and acquisition opportunity. 

Team Members:

  • Benjamin L. Nelson
    Associate
    (775) 348-5200
  • Jen Pearson
    Financial Analyst
    (916) 724-1400

Listed Properties

Transactions Closed

  • Slate Creek at Johnson Ranch

    Slate Creek at Johnson Ranch

    Multifamily

    Roseville, CA
    Price: $76,500,000
    Size: 638,040 sqft
    Size: 612 units
    Cap Rate: 6.33%

  • Montage Apartments

    Montage Apartments

    Multifamily

    Citrus Heights, CA
    Price: $74,000,000
    Size: 636 units
    Cap Rate: 6.39%

  • Iron Point at Prairie Oaks

    Iron Point at Prairie Oaks

    Multifamily

    Folsom, CA
    Price: $58,200,000
    Size: 280 units
    Cap Rate: 5.36%

  • Oak Brook Apartments

    Oak Brook Apartments

    Multifamily

    Rancho Cordova, CA
    Price: $57,525,000
    Size: 300,320 sqft
    Size: 304 units
    Cap Rate: 4.43%

  • The Montebello at Summit Ridge

    The Montebello at Summit Ridge

    Multifamily

    Reno, NV
    Price: $56,000,000
    Size: 499,995 sqft
    Size: 450 units
    Cap Rate: 7.16%

  • The Alexander at South Virginia

    The Alexander at South Virginia

    Multifamily

    Reno, NV
    Price: $55,300,000
    Size: 361,875 sqft
    Size: 350 units
    Cap Rate: 5.12%

  • Fairways Apartments

    Fairways Apartments

    Multifamily

    Citrus Heights, CA
    Price: $42,500,000
    Size: 475,352 sqft
    Size: 636 units
    Cap Rate: 8.55%

  • 4400 Truxel

    4400 Truxel

    Multifamily

    Sacramento, CA
    Price: $39,300,000
    Size: 281,584 sqft
    Size: 296 units
    Cap Rate: 6.32%

  • Broadstone at Strawberry Creek

    Broadstone at Strawberry Creek

    Multifamily

    Sacramento, CA
    Price: $36,000,000
    Size: 272,560 sqft
    Size: 264 units
    Cap Rate: 5.76%

  • The View

    The View

    Multifamily

    Reno, NV
    Price: $35,000,000
    Size: 317,744 sqft
    Size: 308 units
    Cap Rate: 6.55%

  • Rivercrest Apartments

    Rivercrest Apartments

    Multifamily

    Sacramento, CA
    Price: $34,500,000
    Size: 301,136 sqft
    Size: 328 units
    Cap Rate: 5.96%

  • Lakeside Village Apartments

    Lakeside Village Apartments

    Multifamily

    Reno , NV
    Price: $31,000,000
    Size: 283,666 sqft
    Size: 260 units
    Cap Rate: 4.76%

  • The Village at Wildcreek Apartments

    The Village at Wildcreek Apartments

    Multifamily

    Sparks, NV
    Price: $29,800,000
    Size: 230,472 sqft
    Size: 240 units
    Cap Rate: 5.30%

  • VENU at Galleria

    VENU at Galleria

    Multifamily

    Roseville, CA
    Price: $28,000,000
    Size: 219,075 sqft
    Size: 223 units
    Cap Rate: 6.41%

  • Somerfield at Lakeside

    Somerfield at Lakeside

    Multifamily

    Elk Grove, CA
    Price: $27,600,000
    Size: 280 units

  • Eastland Hills

    Eastland Hills

    Multifamily

    Sparks , NV
    Price: $27,500,000
    Size: 291,048 sqft
    Size: 296 units
    Cap Rate: 6.01%

  • Manzanita Gate Apartments Homes

    Manzanita Gate Apartments Homes

    Multifamily

    Reno, NV
    Price: $27,000,000
    Size: 324 units
    Cap Rate: 7.10%

  • Green Leaf at the Marina

    Green Leaf at the Marina

    Multifamily

    Sparks, NV
    Price: $25,350,000
    Size: 201,344 sqft
    Size: 240 units
    Cap Rate: 5.70%

  • The Boulders

    The Boulders

    Multifamily

    Reno, NV
    Price: $25,047,483
    Size: 276 units
    Cap Rate: 5.91%

  • Sundance West Apartments

    Sundance West Apartments

    Multifamily

    Reno, NV
    Price: $23,450,000
    Size: 239,000 sqft
    Size: 350 units
    Cap Rate: 6.82%

  • Dover Woods

    Dover Woods

    Multifamily Tax Credit

    Fairfield, CA
    Price: $23,100,000
    Size: 146,936 sqft
    Size: 200 units
    Cap Rate: 6.31%

  • Waterford Apartments

    Waterford Apartments

    Multifamily

    Sparks, NV
    Price: $23,000,000
    Size: 240 units

  • Bristle Pointe

    Bristle Pointe

    Multifamily

    Reno, NV
    Price: $23,000,000
    Size: 213,256 sqft
    Size: 224 units
    Cap Rate: 6.53%

  • Employers Insurance Co. HQ

    Employers Insurance Co. HQ

    Single-Tenant Office

    Reno, NV
    Price: $20,375,000
    Size: 79,533 sqft
    Cap Rate: 7.03%

  • Oaks At Joiner Ranch I & II

    Oaks At Joiner Ranch I & II

    Multifamily Tax Credit

    Lincoln, CA
    Price: $19,500,000
    Size: 198,584 sqft
    Size: 208 units
    Cap Rate: 6.50%

  • Meadowood Court Center

    Meadowood Court Center

    Shopping Regional

    Reno, NV
    Price: $19,300,000
    Size: 112,000 sqft

  • Century Village

    Century Village

    Multifamily

    Las Vegas, NV
    Price: $19,100,000
    Size: 258 sqft
    Size: 258 units

  • Riverview Ranch Apartments

    Riverview Ranch Apartments

    Multifamily

    Sacramento, CA
    Price: $19,000,000
    Size: 225,686 sqft
    Size: 262 units

  • Spring Villas Townhomes

    Spring Villas Townhomes

    Multifamily

    Sparks, NV
    Price: $18,700,000
    Size: 208,000 sqft
    Size: 160 units
    Cap Rate: 6.30%

  • Parkway Manor

    Parkway Manor

    Multifamily

    Carson City, NV
    Price: $18,650,000
    Size: 171,328 sqft
    Size: 176 units
    Cap Rate: 7.63%

  • La Cuesta Apartments

    La Cuesta Apartments

    Multifamily

    Reno, NV
    Price: $18,300,000
    Size: 182,700 sqft
    Size: 204 units
    Cap Rate: 5.46%

  • Reno Tahoe Tech Center #1

    Reno Tahoe Tech Center #1

    Office

    Reno, NV
    Price: $18,100,000
    Size: 60,446 sqft
    Cap Rate: 7.14%

  • The Waterford Apartments

    The Waterford Apartments

    Multifamily

    Sparks, NV
    Price: $17,100,000
    Size: 201,344 sqft
    Size: 240 units
    Cap Rate: 7.20%

  • Bristle Pointe Apartments

    Bristle Pointe Apartments

    Multifamily

    Reno, NV
    Price: $16,750,000
    Size: 213,256 sqft
    Size: 224 units
    Cap Rate: 8.78%

  • Willow Creek Villas

    Willow Creek Villas

    Multifamily

    Sparks, NV
    Price: $16,720,000
    Size: 123,284 sqft
    Size: 152 units
    Cap Rate: 4.63%

  • The Marq at the University

    The Marq at the University

    Multifamily Tax Credit

    Sacramento, CA
    Price: $16,500,000
    Size: 142,000 sqft
    Size: 200 units
    Cap Rate: 6.48%

  • Club Ambassador Apartments

    Club Ambassador Apartments

    Multifamily

    Reno, NV
    Price: $16,100,000
    Size: 237,421 sqft
    Size: 245 units
    Cap Rate: 8.86%

  • Sundance West

    Sundance West

    Multifamily

    Reno, NV
    Price: $15,940,000
    Size: 238,550 sqft
    Size: 350 units
    Cap Rate: 8.28%

  • Pepperwood Knoll

    Pepperwood Knoll

    Multifamily

    Citrus Heights, CA
    Price: $15,876,000
    Size: 264,172 sqft
    Size: 296 units

  • Amherst Place

    Amherst Place

    Multifamily

    Sacramento, CA
    Price: $14,900,000
    Size: 136 units
    Cap Rate: 7.01%

  • Woodside Village Apartments

    Woodside Village Apartments

    Multifamily

    Reno, NV
    Price: $14,900,000
    Size: 201,880 sqft
    Size: 250 units
    Cap Rate: 6.82%

  • Willowbrook Apartments

    Willowbrook Apartments

    Multifamily

    Reno, NV
    Price: $14,748,000
    Size: 224,900 sqft
    Size: 184 units
    Cap Rate: 5.33%

  • Bristle Pointe Apartments

    Bristle Pointe Apartments

    Multifamily

    Reno, NV
    Price: $14,500,000
    Size: 213,256 sqft
    Size: 224 units
    Cap Rate: 9.21%

  • Creekside Apartments

    Creekside Apartments

    Multifamily

    Reno, NV
    Price: $14,450,000
    Size: 226,464 sqft
    Size: 224 units
    Cap Rate: 8.77%

  • Marina Gardens Apartments

    Marina Gardens Apartments

    Multifamily

    Sparks, NV
    Price: $14,250,000
    Size: 151,040 sqft
    Size: 200 units
    Cap Rate: 4.63%

  • Villas at Dolphin Bay

    Villas at Dolphin Bay

    Apartments Loan Sale (Loan Sale)

    Carson City, NV
    Price: $13,988,528
    Size: 146,364 sqft
    Size: 134 units

  • The Waterford Apartments

    The Waterford Apartments

    Multifamily

    Sparks, NV
    Price: $13,875,000
    Size: 201,344 sqft
    Size: 240 units
    Cap Rate: 8.91%

  • Sienna Vista

    Sienna Vista

    Multifamily Tax Credit

    Sacramento, CA
    Price: $13,200,000
    Size: 263,260 sqft
    Size: 296 units
    Cap Rate: 19.15%

  • Mountain Meadows

    Mountain Meadows

    Multifamily

    Sparks, NV
    Price: $13,000,000
    Size: 154,020 sqft
    Size: 131 units
    Cap Rate: 5.74%

  • Creekside Apartments

    Creekside Apartments

    Multifamily

    Reno, NV
    Price: $12,800,000
    Size: 226,464 sqft
    Size: 224 units
    Cap Rate: 10.52%

  • Willowbrook Apartments

    Willowbrook Apartments

    Multifamily

    Reno, NV
    Price: $12,700,000
    Size: 224,900 sqft
    Size: 184 units
    Cap Rate: 6.18%

  • Wildcreek Townhomes

    Wildcreek Townhomes

    Land - Multi-Family

    Sparks, NV
    Price: $12,400,000
    Size: 311,890 sqft

  • Sycamore Pointe

    Sycamore Pointe

    Multifamily Tax Credit

    Woodland, CA
    Price: $12,000,000
    Size: 100,000 sqft
    Size: 136 units
    Cap Rate: 5.61%

  • Bristle Pointe Apartments

    Bristle Pointe Apartments

    Multifamily

    Reno, NV
    Price: $11,950,000
    Size: 213,256 sqft
    Size: 224 units
    Cap Rate: 12.66%

  • Watercrest

    Watercrest

    Multifamily Tax Credit

    Sacramento, CA
    Price: $11,000,000
    Size: 165,198 sqft
    Size: 206 units
    Cap Rate: 6.64%

  • Sundance West

    Sundance West

    Multifamily

    Reno, NV
    Price: $10,415,000
    Size: 238,550 sqft
    Size: 350 units

  • The Park at Idlewild

    The Park at Idlewild

    Multifamily

    Reno, NV
    Price: $10,250,000
    Size: 98,747 sqft
    Size: 113 units
    Cap Rate: 5.82%

  • Century Village Apts.

    Century Village Apts.

    Multifamily

    Las Vegas, NV
    Price: $10,100,000
    Size: 207,656 sqft
    Size: 258 units

  • Riverglen

    Riverglen

    Multifamily

    Sacramento, CA
    Price: $9,700,000
    Size: 100 units
    Cap Rate: 4.86%

  • Skyline, Skyview & Southridge

    Skyline, Skyview & Southridge

    Multifamily Tax Credit

    Reno, NV
    Price: $9,300,000
    Size: 233,530 sqft
    Size: 293 units
    Cap Rate: 5.53%

  • Sommersett Hills

    Sommersett Hills

    Multifamily

    Roseville, CA
    Price: $9,000,000
    Size: 111,837 sqft
    Size: 124 units

  • Century Park

    Century Park

    Multifamily

    Reno, NV
    Price: $8,900,000
    Size: 122,000 sqft
    Size: 160 units
    Cap Rate: 6.82%

  • Mountain Meadows

    Mountain Meadows

    Multifamily

    Sparks, NV
    Price: $8,600,000
    Size: 154,020 sqft
    Size: 131 units
    Cap Rate: 9.01%

  • Red Rock Plaza

    Red Rock Plaza

    Shopping Strip

    Dinuba, CA
    Price: $8,450,000
    Size: 38,716 sqft
    Cap Rate: 7.14%

  • The Timbers

    The Timbers

    Student Housing

    San Marcos, TX
    Size: 112,966 sqft
    Size: 155 units
    Cap Rate: 6.40%

  • Northgate Villas

    Northgate Villas

    Multifamily

    Reno, NV
    Price: $8,300,000
    Size: 90,728 sqft
    Size: 116 units
    Cap Rate: 5.78%

  • Willowbrook Apartments

    Willowbrook Apartments

    Multifamily

    Reno, NV
    Price: $8,030,000
    Size: 224,900 sqft
    Size: 184 units
    Cap Rate: 19.14%

  • Gold's Gym

    Gold's Gym

    Net Leased Fitness Center

    Reno, NV
    Price: $7,850,000
    Size: 33,067 sqft
    Cap Rate: 7.48%

  • Lincoln Arms

    Lincoln Arms

    Multifamily

    Sparks, NV
    Price: $7,600,000
    Size: 128 units
    Cap Rate: 7.14%

  • Summerfield Place

    Summerfield Place

    Multifamily

    Citrus Heights, CA
    Price: $7,575,000
    Size: 67,100 sqft
    Size: 100 units
    Cap Rate: 6.10%

  • Meadow Glen

    Meadow Glen

    Multifamily Tax Credit

    Sacramento, CA
    Price: $7,450,000
    Size: 165,835 sqft
    Size: 170 units
    Cap Rate: 7.20%

  • Mountain Meadows

    Mountain Meadows

    Multifamily

    Sparks, NV
    Price: $7,400,000
    Size: 154,020 sqft
    Size: 131 units
    Cap Rate: 9.08%

  • Mountain Meadows

    Mountain Meadows

    Multifamily

    Sparks, NV
    Price: $7,200,000
    Size: 154,020 sqft
    Size: 131 units

  • Lake Ridge

    Lake Ridge

    Multifamily

    Fresno, CA
    Price: $7,100,000
    Size: 159,240 sqft
    Size: 200 units
    Cap Rate: 9.34%

  • Woodside Terrace

    Woodside Terrace

    Multifamily

    Carson City, NV
    Price: $7,050,000
    Size: 93,380 sqft
    Size: 171 units
    Cap Rate: 2.51%

  • Eastmark at Wolfpen

    Eastmark at Wolfpen

    Student Housing

    College Station, TX
    Size: 142,496 sqft
    Size: 176 units
    Cap Rate: 7.85%

  • Green Leaf Meadows

    Green Leaf Meadows

    Multifamily

    Vacaville, CA
    Price: $6,650,000
    Size: 48,216 sqft
    Size: 64 units
    Cap Rate: 6.36%

  • Century Park

    Century Park

    Multifamily

    Reno, NV
    Price: $6,500,000
    Size: 122,000 sqft
    Size: 160 units
    Cap Rate: 9.45%

  • Gold Creek Village Apartments

    Gold Creek Village Apartments

    Multifamily

    Grass Valley , CA
    Price: $6,100,000
    Size: 60,126 sqft
    Size: 44 units
    Cap Rate: 5.93%

  • Sunset Ridge Apartments

    Sunset Ridge Apartments

    Multifamily HUD

    Reno, NV
    Price: $6,050,000
    Size: 91,440 sqft
    Size: 100 units
    Cap Rate: 6.64%

  • Olive Tree Apartments

    Olive Tree Apartments

    Multifamily

    Roseville, CA
    Price: $6,000,000
    Size: 147,674 sqft
    Size: 181 units
    Cap Rate: 8.52%

  • Red Rock Plaza

    Red Rock Plaza

    Shopping Strip

    Fresno, CA
    Price: $6,000,000
    Size: 15,645 sqft
    Cap Rate: 6.26%

  • Madison at Bear Creek

    Madison at Bear Creek

    Multifamily

    Houston, TX
    Size: 138,448 sqft
    Size: 180 units
    Cap Rate: 7.56%

  • Green Leaf Pines

    Green Leaf Pines

    Multifamily

    Reno, NV
    Price: $5,925,000
    Size: 90,728 sqft
    Size: 116 units
    Cap Rate: 6.60%

  • Tuscany Village Apartments

    Tuscany Village Apartments

    Multifamily

    Carmichael, CA
    Price: $5,750,000
    Size: 83,140 sqft
    Size: 114 units
    Cap Rate: 6.78%

  • Woodland Oaks

    Woodland Oaks

    Multifamily

    Woodland, CA
    Price: $5,650,000
    Size: 62,112 sqft
    Size: 80 units
    Cap Rate: 6.13%

  • Century Park

    Century Park

    Multifamily

    Reno, NV
    Price: $5,580,000
    Size: 122,000 sqft
    Size: 160 units
    Cap Rate: 18.73%

  • North Foothill Apartments

    North Foothill Apartments

    Multifamily

    Reno, NV
    Price: $5,405,000
    Cap Rate: 11.99%

  • Banbridge

    Banbridge

    Multifamily Tax Credit

    Sparks, NV
    Price: $5,300,000
    Size: 97,328 sqft
    Size: 128 units
    Cap Rate: 6.37%

  • Best Western Mccarran House

    Best Western Mccarran House

    Hotel/Motel

    Sparks, NV
    Price: $5,250,000
    Size: 144,150 sqft
    Size: 220 units
    Cap Rate: 14.05%

  • Vintage Faire

    Vintage Faire

    Multifamily

    Rancho Cordova, CA
    Price: $5,200,000
    Size: 112 units
    Cap Rate: 8.50%

  • Sunset Ridge

    Sunset Ridge

    Multifamily

    Antelope, CA
    Price: $5,100,000
    Size: 96 units

  • High Sierra Ranch

    High Sierra Ranch

    Multifamily

    Reno, NV
    Price: $5,046,000
    Size: 42,816 sqft
    Size: 39 units
    Cap Rate: 6.55%

  • Ramada Limited

    Ramada Limited

    Hotel/Motel

    Rocklin, CA
    Price: $5,000,000
    Size: 35,000 sqft
    Size: 104 units
    Cap Rate: 14.90%

  • Horseshoe Apartments

    Horseshoe Apartments

    Multifamily

    Carson City, NV
    Price: $4,900,000
    Size: 53,218 sqft
    Size: 98 units
    Cap Rate: 6.01%

  • Skyline Apartments

    Skyline Apartments

    Multifamily

    Grand Prairie, TX
    Size: 125,800 sqft
    Size: 148 units
    Cap Rate: 10.20%

  • Seville Apartments

    Seville Apartments

    Multifamily

    Oakland, CA
    Price: $4,525,000
    Size: 31,982 sqft
    Size: 48 units
    Cap Rate: 7.06%

  • Grove Manor

    Grove Manor

    Multifamily

    Reno, NV
    Price: $4,375,000
    Size: 80 units
    Cap Rate: 6.52%

  • Northgate Villas

    Northgate Villas

    Multifamily

    Reno, NV
    Price: $4,320,000
    Size: 90,728 sqft
    Size: 116 units

  • Windsong Apartments

    Windsong Apartments

    Multifamily

    Sparks, NV
    Price: $4,175,000
    Size: 71 units
    Cap Rate: 7.80%

There are additional transactions closed, contact us for more.

In The News

  • Hot market for multi-family investments

    The Reno market is increasingly attractive to out-of-state investors. “Investors in Reno don’t see the same value as investors from San Francisco or San Diego,” Kenneth Blomsterberg, first vice...

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    $74 Million Sacramento County Multifamily Sale Closed by Marcus & Millichap’s IPA Division

    Marcus & Millichap announced its Institutional Property Advisors (IPA) division has arranged the sale of Montage Apartments, a 636-unit garden-style multifamily community located in Citrus Heights,...

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    Capital apartment complex sells for $18.65 million - Parkway Manor

    Capital apartment complex sells for $18.65 million - Parkway Manor

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  • Marcus & Millichap Real Estate Investment Services sold Royal Vista Apartments

    Marcus & Millichap Real Estate Investment Services sold Royal Vista Apartments

    Read More

    Marcus & Millichap Real Estate Investment Services announced the sale of the Harvard Court Townhomes

    Marcus & Millichap Real Estate Investment Services announced the sale of the Harvard Court Townhomes

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    Firm announces sale of Sparks townhomes- Spring Villas

    Firm announces sale of Sparks townhomes- Spring Villas

    Read More
  • INSTITUTIONAL PROPERTY ADVISORS NEWS RELEASE - $55.3 Million Multifamily Complex Sold

    INSTITUTIONAL PROPERTY ADVISORS NEWS RELEASE - $55.3 Million Multifamily Complex Sold

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    Firm announces sale of Reno apartment building - Sunset Ridge

    Firm announces sale of Reno apartment building - Sunset Ridge

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    MG Properties Group Announces $27-Million Acquisition of Manzanita Gate Apartments in Reno, NV

    MG Properties Group Announces $27-Million Acquisition of Manzanita Gate Apartments in Reno, NV

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  • Brokers, projects honored during Summit Awards

    Read More

    Commercial real estate transactions

    LNR Properties The company sold a 240-unit multi-family property at 800 Nichols Blvd. for $13.65 million to AJU Investments LLC. John Pinjuv and Reed Simmons of Grubb & Ellis|NCG represented LNR...

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    Lenders' sales of complexes helps stir apartment market

    The recent sales of the Waterford Apartments and Waterstone condominiums in Sparks don't necessarily point to a full-fledged return to strong markets for real estate investment, but they do...

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  • Reno apartment complex sold to San Diego investment firm

    A 324-unit apartment complex in northwest Reno has been sold for $27 million in a transaction that observers say demonstrates the confidence of investors in good-quality residential rentals in...

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    Hungry for yield, investors buy up region's apartments

    The promise of high returns due to low interest rates is driving a new wave of apartment sales in northern Nevada. Transactions tapered to a trickle over the past few years as apartment owners...

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    Apartment complexes draw multiple offers

    Sales of multi-family properties in the greater Reno-Sparks area continue to heat up after several lukewarm years. Premier apartment properties taken to market are drawing multiple offers from...

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  • Capital apartment complex sells for $18.65 million

    A San Francisco-based investment group last week closed on its purchase of the 176-unit Parkway Manor Apartments in Carson City, paying $18.65 million. Ken Blomsterberg, first vice president of...

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    Woodside Village sale draws multiple out-of-state bidders

    The new owners of Woodside Village Apartments plan on spending more than $1 million to upgrade public amenities and renovate the interiors of the 250-unit property at 4800 Kietzke Lane in Reno....

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    $55.3 million Alexander sale sets price benchmark

    The recent sale of The Alexander apartments in South Reno for $55.3 million, or $158,000 per door, is the highest price per door ever paid for an apartment community in the Reno-Sparks market. The...

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