The community will include a mix of apartments and townhomes.
Hillpointe has acquired a 32.5-acre site at 18610 Wedge Parkway in Reno, Nev., where it plans to build Pointe Grand Cape at Southport, a 358-unit multifamily development. A seller and purchase price were not disclosed.
The deal represents Hillpointe’s first foray into Nevada. Ryan Kruger, an advisor at the Land Advisors Organization represented Hillpointe in the deal.
Pointe Grand Cape at Southport will feature 268 two-bedroom, two-bathroom apartments over 12 buildings, along with 90 built-to-rent townhouses. The townhomes will be three-bedroom, two-and-a-half-bathroom residences, each with an attached two-car garage…