The Grandview and Sunwood Apartments

Las Vegas, NV (May 7, 2015) – Infinity Realty Advisors today announces their acquisition of the Grandview and Sunwood apartments. It is the largest apartment deal of 2015 in Las Vegas. The combined 708-unit complex, on the 28.41-acre site, was built in 1981 and 1985. The occupancy rate is currently at 96 percent. “The apartments are in a great location walkable distance to the Palms, the Rio and the casino strip which provides for a strong resident profile”, stated Eddy Chao, Founder of Infinity Realty Advisors, a new venture of Asia Pacific Capital. Chao added, “the rapidly changing land prices in Las Vegas will make this investment suitable for a value-add cash-flow investment. We received very favorable financing from Freddie Mac for a 10-year fixed rate.” The Grandview and Sunwood apartments, which were formerly supervised by two separate management companies, will be renamed to the Viridian and Topaz apartments and unified under one manager, Sunrise Management. “Grandview & Sunwood both have the potential to be a much better real estate investment… the planned improvements will create better financial performance and improved resident retention.” Infinity Realty Advisors formerly known by Asia Pacific Capital manages several multi-family properties in Las Vegas.