Cantor Fitzgerald Announces the Sale of Norterra Canyon Apartments in North Las Vegas, Nevada News provided by Share this article Share this article NEW YORK, April 28, 2021 /PRNewswire/ -- A joint venture between a subsidiary of Cantor Fitzgerald Investors, LLC (together with its affiliates, "Cantor Fitzgerald") and Hamilton Zanze & Company ("Hamilton Zanze"), announce the sale of a 426-unit multifamily property known as Norterra Canyon Apartments located North Las Vegas, Nevada. Cantor Fitzgerald, a leading sponsor of 1031 tax-deferred exchange investments, facilitated the sale on behalf of one of its Delaware statutory trust offerings. Located at 5005 Losee Road, Norterra Canyon Apartments consists of 17.7 acres of land with 20 residential buildings and a clubhouse. Built in 2007 and renovated in 2018, the property includes two swimming pools, picnic areas, a fitness center, putting green, and a dog park. The property enjoys access to major retail and employment centers including Nellis Air Force Base, Downtown Las Vegas, and the Las Vegas Strip. "We purchased the property in February 2018 and subsequently implemented proactive asset management and completed value-add renovations, which helped the asset weather the challenges brought on by COVID-19 and ultimately positioning the property for a profitable exit for our investors," commented David Nelson, Managing Director of Transactions for Hamilton Zanze.