The complex consists of 34 two-bedroom units, and a number of renovations are currently underway
SAN FRANCISCO, June 27, 2023 /PRNewswire-PRWeb/ -- GPR Ventures, a privately held real estate investment firm, has closed escrow on a 34-unit apartment complex in Carson City, NV, marking the firm's eighth multifamily acquisition. The Sierra View Apartments consist of 34 2-bedroom units and GPR Ventures plans to implement capital improvements throughout the multifamily community to further elevate the property's modern design. Centrally located in the heart of Nevada's capital city, the complex is near restaurants, freeways, and hospitals.
"We are thrilled to see continued growth in Nevada with the addition of Sierra View Apartments to our portfolio in the capital city," said GPR Ventures co-founder and Managing Principal Phillip Rolla. "With a growing population and job market, Carson City is a compelling market with extensive amenities for residents and businesses."
About Sierra View Apartments
Located at 1301 Como Street, this complex rests just one mile from the Nevada State Capitol Building, and the apartment complex was nearly at full capacity during the time of purchase. The property is surrounded by scenic mountain views and features a community picnic area with a barbecue and gazebo, as well as a dog park and 24-hour on-site laundry facility.
Planned Capital Improvements
While select units currently have updated kitchens, GPR Ventures plans to make additional improvements throughout. Each individual unit will be remodeled with new kitchen cabinets and appliances, sliding glass doors and entry doors, LVP flooring, bathroom fixtures and more. The single on-site laundry room will be updated with new washer and dryer units, and a second laundry room is planned for the future. The building's exterior will receive new landscaping, updated fencing, fresh paint and updated lighting.
For more information on GPR Ventures and its complete portfolio, visit https://www.gprventures.com/.
About GPR Ventures
Founded in 2011, GPR Ventures is a privately held real estate investment firm with offices in Silicon Valley and Sacramento that specializes in providing real estate opportunities for a select group of sophisticated investors. GPR Ventures uses a dynamic, fully developed process and the acquisition-to-disposition expertise of founders Glen Yonekura and Phillip Rolla to yield consistent results. GPR's portfolio includes 125 industrial, multifamily and office buildings totaling over 4 million square feet and an additional 37 acres of land. For additional information, please visit GPRVentures.com or call (408) 559-3300.
SOURCE GPR Ventures