YEARS Local Expertise, Global Reach - comre. · PDF fileBerkadia. Highest Achievement in Real Estate . award. 2002 1990. Record breaking . $32,000,000. tax credit sale. Largest in

Local Expertise, Global Reach

About Cushman & Wakefield Commerce Cushman & Wakefield Commerce operates the Cushman & Wakefield business in Nevada, Utah and Washington. As part of the Cushman & Wakefield global platform and with its sister company Cushman & Wakefield NorthMarq, the firm offers innovative commercial real estate solutions to occupier and investor clients, offering transaction services, capital markets services, occupier and investor services, and real estate advisory. With nearly 300 employees, 9 million sq. ft. of property management and transaction value of more than $2.8 billion, the firm is a leading commercial real estate resource in the Intermountain West

region and Pacific Northwest.

About Cushman & Wakefield

Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. The firm’s 43,000 employees in more than 60 countries provide deep local and global insights that create significant value for occupiers and investors around the world. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory.

The Cushman & Wakefield Alliance is a fully integrated extension of the Cushman & Wakefield global platform. It consists of specially-selected independent firms, who provide clients with extended geographic reach through elite commercial real estate professionals and high quality, comprehensive services.

Operating as a unified team, Cushman & Wakefield and the Alliance firms integrate the strength of local talent, relationships, and market intelligence with the full capacity of Cushman & Wakefield’s resources and platform.

Client AdvantageConfidence that we’ll deliver meaningful value by providing the most creative and innovative services.

Consistency in our business approach of putting client’s needs first and delivering what we promise.

Culture - mutual cultures that value integrity, respect, collaboration and trust.

SERVICES OFFEREDAcquisition / Disposition

Representation

Tenant / Landlord

Representation

Seller / Buyer Representation

Long-Term Business Strategy

Build-to-Suit Representation

Valuation / Appraisal

Property / Asset Management

Project Management

Assessment Services

/ 250+OFFICES

/ 60+COUNTRIES

/ 43,000+EMPLOYEES

/ 2,500+BROKERS

/ $5B*

REVENUE

/ 4.3BSF MANAGED

/ $191B* TRANSACTION VOLUME

*USD

What we Believe Deep local and global knowledge creates significant value for our clients.

Relentless curiosity delivers unseen opportunities.

Every touch point is an opportunity to deliver an exceptional experience for clients.

Diverse backgrounds, cultures and expertise inspire breakthrough innovation.

Our brand and our people will be the envy of the industry.

Alone we are good; together we are great.

What You Can Expect from Us A strong bias for action

A rigorous focus on results

Value created through insight

The right people powered by the right platform.

CELEBRATING

YEARS100

1 | Cushman & Wakefield Commerce Las Vegas Multifamily Team Qualifications | 2

LAS VEGAS MULTIFAMILYINVESTMENT SALES TEAM

“ We l o o k f o r w a r d t o d o i n g m o r e d e a l s w i t h t h e S i m s Te a m a n d w o u l d st r o n g l y

r e c o m m e n d t h e m , a s t h e y a r e e xt r e m e l y c o m p et e n t a p a r t m e n t b r o k e r s t h a t g et t h e

j o b d o n e i n a p r o f e s s i o n a l m a n n e r.”

Chris Turitto // Vice President, Haven Realty Capital

60+ Years COMBINED MULTIFAMILY EXPERIENCE

$4+ Billion IN APARTMENT SALES

#1 Broker Team 19 YEARS AT BERKADIA 14 YEARS AT CBRE

Carl Sims EXECUTIVE DIRECTOR $32 Million

RECORD BREAKING TAX-CREDIT SALE

“Carl repeatedly displayed an ability to cut to

the heart of an issue, clarify the options, and

implement the best one. Carl is an absolute

professional in every way.”

CHARLES SINGER B.A.I. Development Corporation

T: +1 702 688 6921 C: +1 702 427 5001 [email protected]

36+ Years EXCLUSIVELY MULTI-FAMILY

#1 Broker Team 19 YEARS AT BERKADIA 14 YEARS AT CBRE

MULTI-FAMILY MARKET EXPERTISE

Carl Sims is the main point of contact and resource for all of your multi-family investment needs. Carl

started and managed the multi-family apartment division for Coldwell Banker (now CBRE), and was their

top apartment broker in Nevada for 14 consecutive years; he was also their leading national apartment

sales broker in 1985. Carl then left the company in 1996 to help found Hendricks and Partners as one of

the original six partners; there, he was the top Nevada apartment broker for 18 consecutive years.

With unsurpassed local and regional marketing knowledge, Carl Sims’ wealth of apartment sales

experience in Las Vegas is impressive and coupled with completed transactions totaling $4+ Billion sales,

he brings with him a powerhouse of talent to the table along with the ability to navigate local market

variables and trends that would affect any offering.

Many of the high-level mutlifamily agents in the Las Vegas market, today, trained under Carl at one time.

1980-1996 CB Commercial, Las Vegas Nevada

1996-2015 Hendricks & Partners, Las Vegas Nevada

2015 Cushman & Wakefield, Las Vegas, Nevada

PROFESSIONAL EXPERIENCE

Sales Leader CBREBERKADIACUSHMAN & WAKEFIELD

5 | Cushman & Wakefield Commerce

1980

’s19

90

’s20

00

’s20

10’s

1982-1995 Top Broker, Multifamily

1996-2015 #1 Las Vegas Apartment Broker

1979Carl begins his real estate career in Las Vegas

1985Circle of Excellenceand Top Nationwide Multifamily Producer

1980Interest rates top 18%

1982Starts Apartment Division for CB Commercial (now CBRE)

1994Represented the City of Las Vegas on Multifamily sales (As far as we know, he’s the only one to do that)1996

Founding Partner, Hendricks & Partners (now Berkadia)

Hendricks Partners&

2012Hendricks & Partners sells and becomes Berkadia

Highest Achievement in Real Estate Marketing award

2002

1990

Record breaking $32,000,000 tax credit sale. Largest in Nevada history.

2015Cushman & Wakefield join DTZ to become the world’s largest CRE firm.

2015Carl Sims joins Cushman & Wakefield Commerce to head the Multifamily Investment Sales Team

2016Represents BNU (Beijing in US) on multi-national deal

PATH TO SUCCESS

Las Vegas Multifamily Team Qualifications | 6

Ben Galles ASSOCIATE DIRECTOR, RENO CAPITAL MARKETS

Taylor Sims DIRECTOR

“Taylor is known to be the most commited broker in

Las Vegas.”

ROBERT REBLIN Executive Vice President, BNU

“Ben... has consistently brought market knowledge and experience

in purchasing, leasing and sales, marketing and management. ”



10+ Years EXCLUSIVELY MULTI-FAMILYUNDERWRITING AND SALES

$200 Million+ CLOSED IN MULTI-FAMILY INVESTMENT SALES

MULTI-FAMILY MARKET EXPERTISE

Taylor Sims joined Cushman & Wakefield Commerce in 2015, as a director of multi-family investment

sales, representing investors and land-owners in property acquisitions and dispositions, and other real

estate objectives unique to their business investments. Taylor works exclusively in the multi-family

market segment of the Las Vegas MSA (Metropolitan Statistical Area).

Prior to joining Cushman & Wakefield Commerce, Taylor was recrutied by Harvard and Stanford

Universities to play collegiate basketball. worked three years as a multi-family investment sales

agent with highly respected Berkadia Apartment Real Estate Advisors, and five years as a financial

underwriting analyst and market researcher with Lincoln and Delaine.

Since joining Cushman & Wakefield Commerce, Taylor has developed the mutlifamily valuation software

used by the local branch.

RENO CAPITAL MARKETS EXPERTISE

Ben Galles is an Associate Director with the Reno, Nevada Cushman

& Wakefield Commerce office where he specializes in the sale of

multifamily and investment properties.

Ben has been licensed since August 2001. Since that time, he has

consistently brought market knowledge and experience in purchasing,

leasing and sales, marketing and management. Prior to joining

Cushman & Wakefield/Commerce, Ben was a Principal with Trinity

Commercial. Ben has consistently been one of the top producing

Multifamily/Investment Brokers in Northern Nevada for the past

several years by creating strong relationships with the most active

investors in the region. He has consistently closed on hundreds of

units annually.

Ben earned a degree in accounting from the University of Nevada

Reno and currently holds his EMS designation, which is an exchange

marketing specialist. He is an active volunteer in the community and

donates some of his free time coaching youth basketball.

Market Leader HIGHEST PRODUCING FIRST YEAR AGENT AT HENDRICKS AND PARTNERS

2016 Rising Star CUSHMAN & WAKEFIELD COMMERCE AWARD RECIPIENT

2007 Lincoln & Delayne, Las Vegas Nevada

2012 Hendricks & Partners, Las Vegas Nevada

2013 Berkadia, Las Vegas, Nevada

2015 Cushman & Wakefield, Las Vegas, Nevada

PROFESSIONAL EXPERIENCE


Stacey Parker ADMIN ASSISTANT

Jeff Simmons SNR GRAPHIC DESIGNER

Laura Wilhelm RESEARCH SPECAILIST

Brandy Pappas SENIOR PROJECT MANAGER

“Not only is Brandy incredibly talented, she is fast, friendly and amazing

to work with.”

NICOLE PURSELL

Owner, Moonlighting Photography

T: +1 702 688 6917 [email protected]




PROJECT MANAGEMENT EXPERTISE

Brandy Pappas serves as Senior Project Manager for the Sims’ Multi-family Investment Sales Team. She is

responsible for the eye-catching marketing collateral and social media for the group. She also provides

reporting and general administrative support.

Proir to joining the team, Brandy was the owner of BrandyRox Graphics and Design Studio operating in

Las Vegas, Nevada and Honolulu, Hawaii. A former computer instructor and curriuclum author, Brandy

has far-reaching technical prowess and business marketing knowledge. Along with her creative abilities,

she brings with her a SixSigma Green Belt distiction. She is also a Microsoft Office and Adobe CC expert.

RESEARCH EXPERTISE

Laura Wilhelm joined the Cushman & Wakefield Commerce

team as a Research Specialist in February 2016. She began

her career in commercial real estate in 1999, working

as both a Senior Research Analyst and Senior Research

Manager for CoStar.

Laura grew up in Indiana and graduated from Indiana

University and settled in Ohio in 1999. In 2014, Laura and

her family moved from the Midwest to Las Vegas and

resides in Summerlin.

SENGRAPHIC DESIGN EXPERTISE

Jeff Simmons has been a Senior Graphic Designer with

Cushman & Wakefield Commerce since 2010. Prior to that,

He worked for Prudential Commercial Real Estate and CB

Richard Ellis in Las Vegas.

Quality work, dedication and consistently looking for new

and innovative ways of marketing properties has always

been his motivation.

ADMINISTRATIVE EXPERTISE

Stacey Parker joined Cushman & Wakefield Commerce

as an Administrative Assistant in 2015. She provides

administrative support for the team.

As an avid Patriots fan, she knows a thing or two about

winning. Previous to joining the team, she was an

Administrative Assistant for Colliers-International and held

her real estate license in Maryland.

Green Belt SIX SIGMA

MS Office Expert FORMER CURRICULUM AUTHOR AND INSTRUCTOR

Adobe CC Expert TUTOR AND FORMER DREAMWEAVER INSTRUCTOR

10+ Years GRAPHIC AND WEBSITE DESIGNER

RENT GROWTH

OCCUPANCY

CAP RATES

AVERAGE CAP RATE

AVERAGE OCCUPANCY

2016 RENT GROWTH AVERAGE MONTHLY RENT

And How They Affect the Market

MARKETFORCES

Average monthly rents continue their

record breaking pace, but there has

been recent deceleration. Not only is this

a sign that the market has rebounded, but

current trends also show this rebound to be

sustainable; in 2016, average rent growth

was 6.38%, down from 7.5% in 2015. We

predict 2017 rent growth to be between

4.25% and 4.5%, well above the long-term

average of 3.26% for the greater Las Vegas

Metropolitan Area.

In layman’s terms, effective market rents

are now above $900 per month, a 21%

bump from just 3 years ago, when average

rents were in the low $700 per month

range. In addition to this, we expect the

delta between class A, B, and C type

properties to remain stable, as we see new

construction projects hoping to appeal

to renters by adding lavish extras for

renters, such as dog parks, retail facilities,

gyms with saunas, tanning beds, movie

theaters, and even DJ booths. While new

construction starts have fallen over the past

2 years, we see plenty of product in the

pipeline to sustain high-end rent growth.

(See pages 9-10 for a complete map of new

multifamily construction).

As rents continue to climb, new

construction will continue to be justified

on a rental income basis. Vacancy rates will

also continue to justify the rent growth in

Las Vegas, as the median occupancy rate

for Las Vegas & Henderson was over 95%,

despite the above-average deliveries in the

market.

Expect to see the city thrive in 2017.

A CLOSER LOOK AT RENTS

6.38% $912

A stable delta between asset type will allow cap rates to sustain their compressed levels.

Cap rates will likely rise in 2017; we expect property values to be driven by rent growth.

Occupancy has declined in Q4, nationally, over the past 7 years. Occupancy is UP in NV for q4. Projected to continue in 2017.

Las Vegas was #3 in rent growth in Major Markets through Q4, with 6.2%

according to Axiometrics.

Median rates of approximately 95-97% for the Valley. Reports expect this figure to remain stable through 2017; this is a good sign, as we expect a large number of units to be delivered to the market in 2017.

Following the trends of the rest of the nation, we do expect the rent growth for LV to finally decline; though not by much. Expect median rent growth around 4-5%.

2016 YEAR-END REVIEW | 43 | LAS VEGAS APARTMENT MARKET UPDATE

2017 LAS VEGAS MULTI-FAMILY MARKET PREDICTIONS

2016 WAS A RECORD YEAR IN COUNTLESS CATEGORIES FOR

LAS VEGAS. We witnessed record

setting visitor volume, as approximately

48M people visited Las Vegas; staggering

population growth; a ton of city “firsts” as

we may soon have our first professional

sports team (we are looking forward to a

possible second) in the near future; and

transaction values rivaling the high levels

that were established pre-great recession.

It’s going to be hard to match these levels,

and we don’t expect to; with that said,

2017 will likely be a year of decelerated

growth… STABLE growth.

As the multifamily market was defined

by portfolio sales in 2016, we expect the

largest changes to come in transaction

statistics. While there was a total of 82

transactions for $2.42 billion dollars

in 2016, a whopping 31% of that was

accounted for by Camden, Oasis, RAIT,

Related, and other portfolio sales. A

stabilized figure of 70 sales is in line with

long-term averages, and while we would

expect this figure to rise in 2017, that may

not be the case.

OCCUPANCY

50SALESTRANSACTIONVOLUME

Projected to continue rise in 2017

Has declined in Q4, nationally, over the past 7 years

5%

L A S V E G A S M A R K E T

M U LT I FA M I LY M A R K E TFuture holds

94.9% LAS VEGAS

94.5% NATIONALLY

INTEREST RATE

4.8%

2016 YEAR-END REVIEW | 12

11 | LAS VEGAS APARTMENT MARKET UPDATE

Interest rates have risen, and may rise again. In turn, buyers are adjusting their purchase parameters to reflect the negative effect on their cash-on-cash returns. Buyers will be seeking lower prices, and sellers will be expecting values to continue rising.

Seeing as though CAP rates have fully compressed (nearly), there will need to be a decline in either transaction value or transaction volume, until rent growth can fill in

the gap.

Expect the first half of the year to be slow, with a slight rebound in the second half as Vegas continues

to grow. (We’ve learned to not bet

against the house).

UNEMPLOYMENT

EMPLOYMENT 1,000,000+

5.9%

VACANCY

POPULATION 1,125,000+

VISITOR VOLUME 45,300,000+

SOURCES - Center for Business and Economic Research, University of Nevada, Las Vegas

- Axiometrics

5.7% 4.5%RENTGROWTH

CA

P R

ATE


SUCCESSFULCLOSINGS


Partial list of closings by Carl and Taylor Sims

PROPERTY NAME UNITS ADDRESS CITY Broadstone at Green Valley 360 2120 Ramrod Avenue HendersonPark West 40 320 W Boston Ave # 23 Las VegasPromontory Point 180 360 N Arroyo Grande Blvd HendersonWoodlake Villas 218 4747 Pennwood Ave Las VegasSouth Boulevard 320 10200 Giles Street Las VegasPacific Carlisle 274 10250 North Covington Cross Drive Las VegasPacific Carlisle - Second Sale 274 10250 North Covington Cross Drive Las VegasSierra Pointe 160 1064 Sierra Vista Dr Las VegasAvanti Park 334 10697 W Centennial Pkwy Las VegasLakewood Cove 260 1100 Center St HendersonEdge at Traverse Point, The 296 1131 Wigwam Parkway HendersonThe Pines 312 122 Jessup Rd HendersonVilla Marienda 44 1225 East Hacienda Avenue Las VegasVilla Marienda - Second Sale 44 1225 East Hacienda Avenue Las VegasPark Hacienda 28 1325 E Hacienda Ave Las VegasCC at Valley View & Meadows 616 1400 S Valley View Blvd Las VegasPinetree 56 150 Hoover Ave # 125 Las VegasAldonsa 80 1536 North 22nd Street Las VegasAndover Place 308 1600 East Rochelle Avenue Las VegasRexford 32 1720 Rexford Dr Las VegasRexford Drive 8 1812 Rexford Drive Las VegasDesert Villas 76 2115 Winwood St Las VegasLas Vegas John 36 230 South Maryland Parkway Las VegasBoston 11 230 W Boston Avenue Las VegasLatigo at Silverado Ranch 400 2300 E Silverado Ranch Blvd Las VegasSpanish Oaks 216 2301 S Valley View Blvd Las VegasOlive 45 2317 Clifford Ave Las VegasPueblo Verde 609 2338 Green Valley Parkway HendersonLake Sahara 296 2410 Karen Avenue Las VegasLake Sahara - Second Sale 296 2410 Karen Avenue Las VegasArville 140 2600 Arville Street Las VegasArville Park 140 2600 South Arville Street Las VegasCentennial Park Arms 156 2627 Donna St # F N. Las VegasEmbassy 74 2629 Wyandotte St Las VegasWyandotte 304 2629 Wyandotte St # 1 Las VegasKing Arthur 23 2650 Sherwood Las VegasCanyon Club 300 2665 South Bruce Las VegasCanyon Creek 215 2700 North Rainbow Boulevard Las VegasVilla Verde 56 2725 E Evans Ave N. Las VegasBonanza Gardens 168 2751 E Bonanza Rd Las VegasBonanza Gardens - Second Sale 168 2751 E Bonanza Rd Las VegasVilla Cordova 288 2800 S Eastern Ave Las VegasFountains at Villa Cordova 288 2800 South Eastern Avenue Las VegasRiviera Ranch 160 2801 N Rainbow Blvd Las VegasCedar Village 154 2850 E Cedar Ave Las VegasCharlestonwood 232 2900 E Charleston Blvd Las VegasSiegel Suites - Charleston II 232 2900 East Charleston Boulevard Las VegasSun Gardens 300 2928 N Pecos Rd #104 Las VegasNorthland Gardens 300 2950 Clifford Street Las VegasEvergreen 312 2950 South Decatur Boulevard Las VegasFairview Park 275 3011 Arville St Las Vegas

PROPERTY NAME UNITS ADDRESS CITY Pine Village 277 3011 Arville Street Las VegasPine Village - Second Sale 277 3011 Arville Street Las VegasGranada 40 304 W Cleveland Avenue Las VegasShadow Ridge 312 3200 Arville St Las VegasWagon Trails 224 3225 S. Pecos Road Las VegasRosewood Park 224 3225 South Pecos Road Las VegasRosewood Park - Second Sale 224 3225 South Pecos Road Las VegasTara Hills 140 3257- 3255 E Desert Inn Rd Las VegasFountains at Flamingo - Note Sale 524 3275 E Flamingo Rd Las VegasCheyenne Trails 144 3330 N Las Vegas Blvd Las VegasRidgewood 112 3355 Arville St Las VegasAmber Ridge 316 346 Sturgeon Lane Las VegasAmber Ridge - Second Sale 316 346 Sturgeon Lane Las VegasMulberry Hollow - second sale 176 3540 Swenson Las VegasMulberry Hollow 176 3540 Swenson Las VegasAdobe Villas 132 3550 E Lake Mead Blvd Las VegasDelta Gardens 104 3600 Paradise Road Las Vegas Island Club 409 3601 E Bonanza Rd Las VegasIsland Club - Second Sale 409 3601 E Bonanza Rd Las VegasGloria Park Villas 240 3625 South Decatur Boulevard Las VegasSandy Lake 144 3650 East Lake Mead Boulevard Las VegasSahara Glen 268 3655 E Sahara Ave Las VegasSahara Glen - Second Sale 268 3655 E Sahara Ave Las VegasRancho Vista 168 3663 S Valley View Blvd Las VegasRoman Villas 383 3665 Cambridge Las VegasCraig Ranch Villas 337 370 Casa Norte Las VegasVillas I at Rancho Del Norte 337 370 Casa Norte Drive N Las VegasThe Club at Desert Pines 409 3700 E Bonanza Rd Las VegasPlaya Vista 409 3700 East Bonanaza Road Las VegasPlaya Vista - Second Sale 409 3700 East Bonanaza Road Las VegasPlaya Vista - Third Sale 409 3700 East Bonanaza Road Las VegasCinnamon Ridge 176 3700 Swenson Street Las VegasCrescent Ridge 344 375 Conestoga Way HendersonSilverado Village 440 3750 Arville Street Las VegasRoyal Crest 30 3790 Royal Crest St Las VegasGreenville Park 426 3820 Pennwood Avenue Las VegasMadrid II 77 3880 Silver Dollar Avenue Las VegasRancho Ocaso 280 3900 E Sunset Rd Las VegasMountain Vista - Second Sale 178 3950 Mountain Vista Street Las VegasMountain Vista 178 3950 Mountain Vista Street Las VegasHampton Court 420 3955 Swenson Street Las VegasTerrace 140 3975 North Nellis Boulevard Las VegasMadrid I 117 4001 Silver Dollar Avenue Las VegasBelAire - Second Sale 128 4124 Pennwood Ave Las VegasBelAire 128 4124 Pennwood Ave Las VegasOasis Star II 24 4150-4170 Tamarus St Las VegasSaint Tropez 57 4151 Sirus Avenue Las VegasSouthwest Trails 360 4200 South Valley View Boulevard Las VegasPolo Club 560 4201 South Decatur Boulevard Las VegasJolley 42 422 Sierra Vista Dr Las VegasVilla Corona 47 4220 North Las Vegas Boulevard Las Vegas


Partial list of closings by Carl and Taylor Sims

PROPERTY NAME UNITS ADDRESS CITY Escondido Manor 63 4280 Escondido St # 305 Las VegasAlicante Villa 232 4370 S Grand Canyon Dr Las VegasPanos Manor 81 4411 S Spencer St Las VegasSandpebble Village 280 4480 W Sirius Ave Las VegasSagebrook 193 4600 Vegas Drive Las VegasCameron 316 4600 West Sirius Avenue Las VegasCameron - Second Sale 316 4600 West Sirius Avenue Las VegasCraig Road Villas 409 4730 East Craig Road Las VegasCimarron Crossing 409 4730 East Craig Road Las VegasCimarron Crossing - Second Sale 409 4730 East Craig Road Las VegasToscana Villas 270 4775 South Topaz Street Las VegasCentury Village 258 4801 Spencer St Las VegasShalimar Gardens 36 4917 Westmoreland Drive Las VegasTropicana Village 172 4995 Maryland Parkway Las VegasPark Forest 204 50 North 21st Street Las VegasSprings II 436 5000 Indian River Drive Las VegasSprings II - Second Sale 436 5000 Indian River Drive Las VegasRed Rock Cove 60 5001 O’Bannon Dr Las VegasBroadstone Arrow Canyon 426 5005 Losee Road N Las VegasHighland Villas 44 501 Desert Lane Las VegasSprings 436 5010 Indian River Drive Las VegasSprings - Second Sale 436 5010 Indian River Drive Las VegasSonterra 350 5050 South Tamarus Street Las VegasTamarus Village 87 5055 Tamarus Street Las VegasPark East 97 508 San Pablo Las VegasThe Camelot 306 5088 S Maryland Pkwy Las VegasThe Camelot - Second Sale 306 5088 S Maryland Pkwy Las VegasRancho Alvarado 306 5088 South Maryland Parkway Las VegasCanyon Park 340 5100 E Tropicana Ave Las VegasSonoma Hills 320 5100 East Tropicana Avenue Las VegasUniverse at Sunrise Mountain 344 5250 Stewart Ave Las VegasMajestic Heights 240 5325 East Tropicana Avenue Las VegasCalcaterra 537 6537 Calcaterra Circle Las VegasThe Courtyards 204 5400 Mountain Vista Street Las VegasVillas at Mountain Vista 204 5400 Mountain Vista Street Las VegasPleasant Hill Villas 172 5575 Pleasant Hill Ave Las VegasPleasant Hill Villas - Second Sale 172 5575 Pleasant Hill Ave Las VegasLa Mesa 384 560 Sierra Vista Drive Las VegasOlive Tree 46 5800 Bromley Ave Las VegasTropicana Estates 37 5975 N Bonita Vista St Las VegasNorthridge Terrace 104 6016 Bromley Ave # 1 Las VegasPortofino Villas 280 6300 West Lake Mead Boulevard Las VegasCatalina 177 6363 Clarice Street Las VegasSundance Village 532 6500 West Charleston Boulevard Las VegasSundance Village - Second Sale 532 6500 West Charleston Boulevard Las VegasTower at Tropicana 260 6575 West Tropicana Avenue Las VegasVerona 274 6750 Tulip Falls Drive HendersonAvion at Sunrise Mountain 352 6901 East Lake Mead Boulevard Las VegasPyramid 304 7055 East Lake Mead Boulevard Las VegasNaples 31 712 E Naples Dr Las Vegas

PROPERTY NAME UNITS ADDRESS CITY Copper Palms 248 713 E Sahara Ave Las VegasUniversity Arms 61 721 Naples Drive Las VegasHenderson Plaza 68 730 Center Street HendersonApple 204 734 East Twain Avenue Las VegasSan Moritz 320 7401 W Washington Ave Las VegasPinewood Portfolio 764 764 E Twain Ave Las VegasSan Tropez 336 8025 W Russell Rd Las VegasWillow Lane 41 812 Willow Lane Las VegasLas Vegas Grand 212 818 E Flamingo Rd Las VegasDesert Point 142 895 Sierra Vista Dr Las VegasWillow at Town Center 188 9145 Echelon Point Dr Las VegasWillows at Town Center 188 9145 Echelon Point Drive Las VegasSierra Vista Square 175 920 Sierra Vista Drive Las VegasRiverbend Village 212 937 Spencer Street Las VegasCasa Royale 192 939 E Flamingo Rd Las VegasMarina Bay 192 939 East Flamingo Road Las VegasWellington Meadows - Note Sale 332 9550 W Sahara Ave Las VegasCopper Hills 272 981 Whitney Ranch Dr Henderson


CLIENTRECOGNITION

“Carl & Taylor have lived up to their reputation as being the hardest working brokers in Las Vegas...”

“Carl’s expertise was valuable in all the steps along the way.”

“...we found them to be honest

and deicated in looking out for

our best interests.”

October 27, 2015

Carl Sims 3773 Howard Hughes Parkway, Suite 100 S

Las Vegas, NV 89169

Re: Letter of Recommendation

To Whom It May Concern

We recently received an unsolicited offer on the Verona apartments, but wanted to see how the market

would respond.

We interviewed several brokers and ultimately decided to use Carl Sims. Our decision was based on

Carl’s reputation and 34 years of experience in Las Vegas apartment sales. Also, Carl had previously sold

the Pacific Carlisle and Adagio for us.

During the marketing Carl was always prompt in returning calls and touring the properties with buyers;

even on weekends. We received 189 signed confidentiality agreements and 16 offers. Carl personally

generated 13 of these offers.

The final results were that we sold the property at a substantially higher price than the unsolicited offer.

We were very satisfied with the marketing of the property.

We would like to offer our strong recommendation for Carl in sales of large apartment communities.

_____________________

Reinier Santana

President & COO

“We would like to offer our strong

recommendation for Carl in sales

of large apartment communities. ”

“Based on our broad experience in

selling large apartment communities

through various multi-family

brokerage specialists, we would highly

recommend Carl Sims... ”

“The entire process was very

professional and exceeded our

expectations. ”

“I believe that working with you

two gentleman had a lot to do

with making the sale go well. ”“Your professionalism and

key industry contacts are

what kept the transaction on

schedule. ”

“It was awesome to

work with you. You

have a great tenacity

and ability to hang in. ”

“...Carl did an excellent

job for us and I would

like to offer my strong

recommendation... ”

“I can not say enough about Carl

and his staff and the proffessional

and friendly way in which all of my

dealings have been with them. ”

“Your help and support

through the entire process was

very satisfying.”

“...you did an outstanding

job in the marketing of our

asset and in closing the

transaction”

“...I would strongly

recommend a future

hiring of Mr. Sims...”

“During our negotiations

we found Mr. Sims and his

staff to be extremely helpfil,

knowledgeable, diligent and

sincere in their efforts...”“Carl and his team did an

outstanding job of representing my

former company, Oasis Residential,

in the sale of five properties,

totalling more than $60 Million.”

“I am extremely confident

that we hired the most

qualified brokerage...”

“Carl is an absolute

professional in every way.”

IN THEPRESS

LAS VEGAS, Dec. 30, 2016 – Carl and Taylor Sims from the Las Vegas office of Cushman & Wakefield Commerce announced the sale of the Las Vegas John Apartments for $1,700,000. The property is locat-ed in the redevelopment district, next to the art district downtown.

The Las Vegas John Apartments, a 36-unit property located at 230 S Maryland Blvd. was built in 1984. Amenities include fully furnished units, convenient location downtown and is in a prime redevelop-ment area, providing opportunity for the new owners to make a big play in a changing area.

6300 W LAKE MEAD BLVD

FEATURES

$26,000,000$92,857 per unit | $93.34 per Sq Ft

3773 Howard Hughes Pkwy.Suite 100 S Las Vegas, NV 89169 Phone: (702) 796 7900 Fax: (702) 796 7920

For more information, please contact:

TAYLOR SIMS +1 702 688 [email protected]

BRANDY PAPPAS+1 702 688 [email protected]

STACEY PARKER +1 702 688 [email protected]

CARL SIMS +1 702 688 [email protected]

• Built in 1997• 280 Units• Attractive location• Easy freeway access and shopping

• Tennis Court• Vaulted ceilings, fireplaces, and full-size

washer and dryer in select units• Detached garages

SOLD FOR

Independently Owned and OperatedA Member of the Cushman & Wakefield Alliance

LAS VEGAS, Feb.15, 2017 – Cushman & Wakefield Commerce announced it has negotiated the sale of Portofino Villas, a 278,560 square foot apartment complex at 6300 West Lake Mead Boulevard, Las Vegas. The Millburn Company purchased the property from the AXS Opportunity Fund.

Built in 1997, the Tuscan style villa has an abundance of modern amenities including a resort-like pool and spa, sand volleyball court, fitness center. Each of the 1, 2, and 3 bedroom options include a large private patio or balcony, and renovations are planned to add additional improvements.

“The Portofino Villas have excellent potential for the Millburn Company,” said Carl Sims, Cushman & Wakefield Commerce Executive Director, and lead broker for the buyer. “Nevada boasted one of the fastest growing economies in the nation in 2016, and the multifamily housing market was no exception. The Millburn Company has renovations in mind for the villas that will be on par with the improving market.”

The Portofino Villas feature 280 units on site. The Millburn Company plans on renovating the entire property with new features aimed at improving the energy efficiency, including the addition of solar panels.

Carl Sims and Taylor Sims represented the seller.

• Built in 1989• 260 Units/2 Stories• Clubhouse w/ Movie Theater

• 24 Hr. Fitness Center • Gas BBQ’s and seating • Gated Community

GLORIA PARK VILLAS3625 S DECATUR BLVD

TOWER @ TROPICANA6575 WEST TROPICANA AVE

$19,920,000

$21,580,000

3773 Howard Hughes Pkwy.Suite 100 S Las Vegas, NV 89169 Phone: (702) 796 7900 Fax: (702) 796 7920

For more information, please contact:

TAYLOR SIMS Director+1 702 688 [email protected]

BRANDY PAPPASSnr. Project Manager+1 702 688 [email protected]

STACEY PARKER Admin Assistant+1 702 688 [email protected]

CARL SIMS Executive Director+1 702 688 [email protected]

• Built in 1993• 240 Units/2 Stories• 24 Hr. Fitness Center • Clubhouse w/Movie Theater

• Condo Mapped • Gas BBQ`s and Seating • Gated Community• Mini-Storage Units• Private Garages

SOLD FOR

SOLD FOR


JUST SOLD

501 DESERT LANE LAS VEGAS, NV 89106

HIGHLAND VILLAS

LAS VEGAS, Sept 16, 2016 – Carl and Taylor Sims from the Las Vegas office of Cushman & Wakefield Commerce announced the sale of the Highland Villas Apartments for $2,600,000. The property is located within walking distance of the strip in central Las Vegas.

The Highland Villas, a 44-unit property located at 501 Desrt Lane. was built in 1963. Amenities include courtyard with BBQ area, convenient location near the strip and is in the so-called ‘resort corridor’ of Las Vegas.

HIGHLAND VILLASAPARTMENTS

$2,600,000SALE PRICE

$60,227PRICE PER

UNIT

$77.54PRICE PER

SQ FT

1963YEAR BUILT

44UNITS

31,460RENTABLE

SQ FT

Carl Sims(702) 688 [email protected]

Taylor Sims(702) 688 [email protected]

LAS VEGAS, NV--(Marketwired - Nov 29, 2016) - The Las Vegas office of Cushman & Wakefield Commerce announced that the team of Carl and Taylor Sims have negotiated the sale of the apartment portion of a three-property, multi-state portfolio sale in Las Vegas for $41,500,000. The team represented the seller, a global corporation based in China. The buyer was a subsidiary of Angelo, Gordon & Co. of New York, NY.

“The Las Vegas market has seen a large amount of portfolio sales this year, and if it continues through the end of the quarter, it could spell a record year in terms of sales volume,” said Taylor Sims, director of multi-family investment sales for the Cushman & Wakefield Commerce Las Vegas office. “We are honored that a company of such magnitude enlisted our team. Since most portfolio sales are contained to one market, or asset type, this cross-platform portfolio was an exciting deal to work on, as it was multi-state AND included multiple asset types including two multi-family properties and an office building in Arizona. The global presence of Cushman & Wakefield was a significant factor in the successful completion of this transaction, as our client wanted a team that could handle the complexities of the entire multi-property transaction.”

The multi-family properties included:

Gloria Park Villas, a 240-unit property located at 3625 S Decatur Blvd. was built in 1993 and sold for $19,920,000. Amenities include a gated community, gas BBQ`s with seating, mini-storage units, private garages, a 24-hour fitness center and a clubhouse with a movie theater.Tower at Tropicana, 260-unit property at 6575 West Tropicana Ave, was built in 1990 and sold for $21,580,000. This property is also in a gated community and includes a 24-hour fitness center, gas BBQ`s with seating and a clubhouse with a movie theater.

LAS VEGAS, Sept 16, 2016 – Carl and Taylor Sims from the Las Vegas office of Cushman & Wakefield Commerce announced the sale of the Highland Villas Apartments for $2,600,000. The property is located within walking distance of the strip in central Las Vegas.

The Highland Villas, a 44-unit property located at 501 Desrt Lane. was built in 1963. Amenities include courtyard with BBQ area, convenient location near the strip and is in the so-called ‘resort corridor’ of Las Vegas.


6725 Via Austi Pkwy., Suite 275 Las Vegas, Nevada 89119

702 796 7900 | Fax 702 796 7920

TAYLOR SIMS

Director

+1 702 688 6957

[email protected]

LAURA WILHELM

Research Specialist

+1 702 688 6915

[email protected]

BRANDY PAPPAS

Senior Project Manager

+1 702 688 6917

[email protected]

BEN GALLES

Associate Director, Reno

+1 775 851 9500

[email protected]

STACEY PARKER

Administrative Assistant

+1 702 688 6918

[email protected]

CARL SIMS

Executive Director

+1 702 688 6921

[email protected]

JEFF SIMMONS

Graphic Designer

+1 702 688 6955

[email protected]

Documents

YEARS Local Expertise, Global Reach - comre. · PDF fileBerkadia. Highest Achievement in Real Estate . award. 2002 1990. Record breaking . $32,000,000. tax credit sale. Largest in