West Hollywood Developer Adds 396-unit, 20-acre Site to Company Portfolio
Faring recently announced the acquisition of “The Well,” a 396-unit residential complex within the world’s first health-integrated master plan community, in Henderson, NV.
“With the acquisition of ‘The Well,’ Faring joins one of Las Vegas’ most desirable submarkets, with a very well-located multifamily community,” said Jason Illoulian, CEO of Faring.
Purchased for $83,500,000 and situated on 20 acres, Illoulian described the move as “a compelling opportunity to capitalize on Clark County’s strong economic growth.”
“We still have a large amount of capital earmarked to purchase recently built, stabilized multi-family buildings in Nevada and California,” Illoulian added.
Completed in 2019, the 356,000-square-foot complex features generously sized units with amenities including full-size, in-unit washers and dryers, spacious walk-in closets and private patios/balconies.
Residents at “The Well” are provided access to swimming pools and spas, ramadas with gas BBQ grills, a sand volleyball court, a clubhouse with media lounge and game room plus a 24-hour fitness center.