the-pearl-at-st-rose

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10250 Spencer Street Las Vegas, NV 89183

Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada. © 2025 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.

CONTACT Info

Charles Steele 

Senior Managing Director 602.319.5007 charles.steele@berkadia.com AZ License #SA645142000

JARED GLOVER

Managing Director 602.526.4800 jared.glover@berkadia.com NV License #B.0144864

John Cunningham 

Senior Managing Director 602.625.7476 john.cunningham@berkadia.com AZ License #BR034840000

PHOTO GALLERY

270 Units | Built 2000

Berkadia is pleased to present the exclusive opportunity to acquire The Pearl at St Rose, a 270-unit institutional quality multifamily community situated in the vibrant St. Rose corridor. Constructed in 2000 with renovations commencing in 2018 and completed in 2022, The Pearl at St. Rose boasts a unique unit mix with 41.5% three-bedroom and 41.5% two-bedroom floorplans, complemented by modern luxury finishes and an array of upscale amenities. The Property’s prime location in the St. Rose Corridor of Las Vegas offers excellent connectivity via St. Rose Parkway and the Las Vegas Beltway, offering immediate access to the entire Las Vegas Metro. Its proximity to St. Rose Dominican Hospital Siena Campus and the newly completed West Henderson Hospital positions the property squarely in the middle of the burgeoning St. Rose Medical Corridor. Located in one of metro Las Vegas’ strongest submarkets, featuring the highest occupancy and fourth highest effective rent, The Pearl at St. Rose is poised to benefit from the strong fundamentals, ensuring long term rent growth and stability. With a strong mix of two- and three-bedroom floor plans, new investors can leverage the growing demand for affordable housing as homeownership becomes increasingly unattainable. The robust Las Vegas rental market, fueled by strong job growth, high home appreciation, and limited supply, further enhances the property’s value compared to other Sunbelt markets.

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THE OPPORTUNITY

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INVESTMENT HIGHLIGHTS

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Las Vegas Office 8548 Rozita Lee Ave, Suite 310 Las Vegas, NV 89113

10250 Spencer Street Las Vegas, NV 89183

Institutionally owned, impeccably maintained two-story, low-density asset offers significant potential for further value enhancement through amenity-based improvements.

With 83% two- and three-bedroom floorplans, renting at the Pearl at St. Rose is 46% more cost-effective than owning a home in the Las Vegas metro, offering affordable alternatives to home ownership.

Property boasts 100% occupancy of three-bedroom units, highlighting the strong unit mix and superior demand for its prime location near excellent schools and high single family housing values.

Surrounding submarket features the lowest vacancy rate in the entire Las Vegas metro, ensuring sustained demand and robust rent growth.

Situated in a submarket with zero deliveries forecasted after 2025.

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Benefits from robust local demographics that surpass those of the broader Las Vegas Metro.

Opportunity to capitalize on rebranding campaign utilizing Silverado Ranch master plan.

Located in the desirable St. Rose corridor, the property offers excellent connectivity via St. Rose Parkway and the Las Vegas 215 Beltway, with convenient access to the St. Rose medical corridor, Green Valley, and the Las Vegas Strip, increasing tenant exposure to major employers.

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