November 24, 2024 2:55 pm
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Arizona-based Moderne sells Vegas BTR community

By Symone Strong | Builder

Moderne Communities, a real estate investment and development company, sold Moderne at Centennial, a 14-acre build-to-rent community situated in North Las Vegas, to RSE Capital Partners for $80 million.
The Scottsdale, Arizona–based firm purchased the land in 2019 and started construction on the gated community that includes 185 rental homes and community amenities in spring 2020. The sale to RSE Capital officially closed Feb. 25.

Moderne at Centennial includes a mix of one-, two-, and three-bedroom units, ranging from approximately 640 to 1,225 square feet. In addition to gated security, community amenities include 12 pocket parks, a community fitness center, a resort-style pool, a ramada and barbecue area, and three electric car-charging stations.

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