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Tower 16 Capital Partners sells Las Vegas multifamily project

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Tower 16 Capital Partners sells Las Vegas multifamily project

Tower 16 Capital Partners LLC sold the 512-unit Altura on Tropicana multifamily project in Las Vegas.

The commercial real estate investment and management company bought the property at 6255 W. Tropicana Ave. in June 2018 for $50 million and spent more than $4.0 million in capital improvements.