Joint Venture of NRP and Rockefeller Group Acquire 342-unit Apartment Community Silverado in Las Vegas

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Silverado
Construction of Silverado is set to begin in December 2024, with completion slated for Q1 2027.

The NRP Group and Rockefeller Group broke ground on Silverado, a 342-unit apartment community in Las Vegas. The project, which is a Las Vegas first for both NRP and the Rockefeller Group, is between Henderson and Summerlin.

The development features 15 three-story garden-style residential buildings on a 13-acre site, totaling 342 one-, two-, and three-bedroom units. It’s designed by Perlman Architects,

Silverado will include a 7,000-square-foot clubhouse building with a social and sports lounge, communal kitchen, state-of-the-art fitness room and shared workspace with offices and meeting rooms tailored for remote professionals and students. Outdoors, residents can enjoy an array of spaces and amenities, including a pool, pickleball and bocce courts, dining and grilling areas, a yoga lawn, fire pit and dog park.

The NRP Group is a vertically integrated developer, owner, builder, and manager of best-in- class multifamily housing. Since its founding in 1994, NRP has delivered more than 35,000 apartment homes, and currently manages over 19,000 residential units. Through its disciplined approach to vetting opportunities, NRP has established a track record of delivering impressive returns for investors. The company’s formidable size and depth of talent provides the experience and infrastructure necessary to execute developments of varying degrees of complexity and scope in both urban-infill and suburban locations, including market- rate, affordable, and senior housing. As a three-time recipient of the National Association of Builders Multifamily Development Firm of the Year and recognized Top 25 Developer by Multifamily Executive, NRP is leveraging its decades of practice by also providing construction and property management services to outside owners and developers.

Rockefeller Group is a leading U.S. real estate developer, owner and operator, dedicated to excellence in the built environment. The company has been known for nearly a century for projects that anticipate demand, transform skylines and improve lives, while creating economic and civic value. Our properties and developments promote growth and renewal in cities, neighborhoods and communities, delivering exceptional experiences and performance at home and at work.