Property Description

The Property, “Ely at Buffalo” is a multifamily apartment complex located in Las Vegas, NV.Developed in 2021, the Property consists of 7.26 acres of land upon which two three-story residential buildings are situated, housing a total of approximately 186,646 rentable square feet across 216 apartment units and four commercial units with approximately 4,654 square feet. The Property includes amenities such as a 6,000 square foot clubhouse, outdoor seating areas with large TVs, a resort-style pool, a dog park, and a full cardio and strength training facility, among others.

As of February 2, 2022, the Property was 92.0% leased. Every unit includes 9-foot ceilings,  contemporary designer fixtures and hardware including upgraded cabinetry and quartz countertops in all kitchens and bathrooms, stainless steel appliances custom designed walk-in closets, full size showers, pre-wired for telephone, cable TV and high-speed Internet access and discounted cable/internet service.

Property Type



Delaware Statutory Trust

Buffalo DST


Remaining Availability

1% Remaining

Total Funds
Remaining Availability
Taking Backups
Minimum Investment
Funded To Date
Est. Hold Period
10 Years
Equity Raise
Price/SF or Price/Unit

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Location Details




Population Growth


About The Area

The Property is located in the Las Vegas MSA, a thriving market supported by tourists and residents in the region’s thriving shopping and convention sectors.



NexPoint is a leading alternative investment advisor. NexPoint manages a suite of products that provide access to differentiated investment opportunities. The NexPoint product suite covers a range of vehicles, including listed REITs, real estate private placements, 1031 Exchanges, closed-end funds, a business development company (BDC), and interval funds. NexPoint is part of a multibillion- dollar investment platform that serves both retail and institutional investors worldwide. While NexPoint’s focus areas include real estate and alternative credit strategies, its products draw on expertise and capabilities from across the platform, which spans a range of asset classes and investment strategies.

An affiliate of the Manager, NexPoint and its affiliates have accumulated a significant portfolio of core-plus and value-add multifamily property through a series of opportunistic acquisitions since 2012. From 2012 through December 31, 2019, NexPoint Real Estate Advisors and its affiliates invested in 139 multifamily real estate transactions with total gross real estate value exceeding $5.02 billion. During this period, NexPoint has completed approximately 8,250 full and partial value add rehabs on unit interiors within its portfolio.

NexPoint Real Estate Advisors, IV, L.P. (the “Sponsor”) serves as a sponsor to the platform’s newest offering, NexPoint Flamingo DST.