Leading developer adds theAPEX @galleria to growing portfolio.
TRU Development Company, in partnership with capital partner and real estate operating company, MultiGreen Properties, has purchased a 19-acre parcel of land located on the southeast corner of Galleria and Boulder Highway in Henderson, Nevada. Plans for the site include development of theAPEX @galleria apartment community, which will offer 336 multifamily residential units, and 3.8 acres of retail development available for sale, ground lease, or build to suit.
“TRU Development Company is excited to be partnering with MultiGreen Properties on our first project collaboration in southern Nevada,” said Tim Deters, President and CEO of TRU Development. “We are honored to have the opportunity to expand the multifamily offerings in the Las Vegas Valley and create a community centered around technology, sustainability, and wellness. We look forward to bringing our vision to fruition and welcoming residents in 2021.”
The apartments at theAPEX @galleria will be available for lease in March of 2021. TRU Development’s theAPEX @galleria is the first of many “theAPEX” branded communities throughout the state of Nevada.
“We are excited to be working with TRU in the State of Nevada as we continue to grow and design theAPEX brand,” said Randy Norton, Founder and Chairman of the Board at MultiGreen. “Our goal is to build thousands of newly constructed APEX- branded units together, all of which will be attainable, sustainable, and tech-enabled residences.”
In the next twelve months, TRU Development is slated to break ground on a total of 670 units under theAPEX brand in southern Nevada, 358 units under the KAKTUSlife brand and more than 600 units under theAPEX brand in northern Nevada. Those interested in learning more about the development are encouraged to call (702) 545-0355.
About TRU Development
TRU Development is a full-service development company comprised of a group of professionals based in Las Vegas, Nevada specializing in residential, retail, office, and industrial real estate development. KAKTUSlife is the first luxury LEED Silver multifamily offering by TRU Development, followed by theAPEX brand. Coming soon to the TRU portfolio are KAKTUSlife @the curve, theAPEX @meadows, and theAPEX @galleria. To date, TRU Development has developed approximately 7,000 multifamily units. For more information, please visit: https://trudevco.com/.
MultiGreen Properties is a real estate development and operating company dedicated to the construction of attainable, sustainable and technology-enabled multifamily properties. MultiGreen Properties was co-founded in 2019 by Green Mesa Capital, a single family office, and i(x) investments, a permanently capitalized company, providing a historic opportunity to create economic growth and catalytic social impact in housing supply-constrained markets. The mission of MultiGreen Properties is to be a Top 25 Owner of newly constructed multifamily homes by 2030, and to be recognized as a global leader in sustainable entry-level housing. For more information, please visit www.multi.green.