INVESTMENT SALE ADVISORY TEAM

JOHN CUNNINGHAM

Managing Director

john.cunningham@jll.com
+1 602 625 7476
NV Lic No: S.0174792

CHARLES STEELE

Managing Director
charles.steele@jll.com
+1 602 282 6310
NV Lic No: BS.0144397

EXECUTIVE SUMMARY

Completed in 2022, the Property offers 143 brand new residences with state-of-the-art living areas and luxurious amenities including: a pool, private garages, fitness room, and direct access to outstanding retail and recreation.

The Property is situated within a highly desirable mixed-use community, The Village of Centennial Springs. Brownstone is uniquely parcelized within the mixed-use community, providing residents seamless walkability to Pop Squires Park and a plethora of shops and restaurants.

Brownstone is also located in one of the most attractive economic multifamily investment markets in the nation. The Property is positioned to take advantage of strong absorption forecasts as more renters migrate from out-of-state. Currently, the Property is composed of 36.2% residents new to Nevada with an employment-base that is healthcare and military dominant at 17.6% and 12.1%, respectively. However, no employment sector dominates more than one fifth of the existing resident profile.

Continued job growth and diversification, migration from urban to highly-amenitized suburbs, and strong population trends will ensure that Centennial Hills, and Brownstone, remain unmatched performers.

• Convenient Proximity To A Complete Live-Work-Play Lifestyle Amenity Base
• Significant In-Flow Of Out-Of-State Renters
• Outstanding Job Drivers & Access To Greater Las Vegas Metro
• Best In-Class, Luxury Interior Finishes With Private Garages

• Mixed-Use Drivers With Walkable Retail & Grocery Stores
• Significant Rent VS Own Disparity Fueling Increased Renter Demand
• Exceptional Submarket Fundamentals & Strong Leasing Velocity
• Newly Delivered, Stabilized  Property