AN AFFILIATE OF WALTON STREET ACQUIRES ELYSIAN AT TIVOLI, A 359-UNIT CLASS-A MIDRISE APARTMENT COMMUNITY IN LAS VEGAS, NV

An affiliate of Walton Street Acquires Elysian at Tivoli, a 359-unit Class-A midrise apartment community In Las Vegas, NV

Chicago, IL, November 30, 2021 – An affiliate of Walton Street Capital, L.L.C. (“Walton Street”) announced that it has acquired and recapitalized a 359-unit mid-rise community located at 8791 Alta Drive in Northwest Las Vegas (“Elysian Tivoli” or the “Property”) in partnership with The Calida Group (“Calida”) in a privately negotiated transaction.

Completed in 2021, the Property features a mix of studio, one-, two-, and three-bedroom apartments that are currently 94% leased. Unit and property amenities include designer interiors with contemporary finishes, fully equipped kitchens with stainless steel appliances, plank flooring, an outdoor pool with cabanas and grill areas, an oversized fitness center with yoga and spin room, tanning salon, steam room, and sauna.

Elysian Tivoli is located in the Northwest Las Vegas suburb of Summerlin, roughly 13-miles away from the Las Vegas Strip. The Property is located adjacent to two mixed-use districts, Boca Park and Tivoli Village, which are walkable from the Property and serve as an attractive amenity for residents. Downtown Summerlin, approximately 4-miles west of the Property, features a diverse mix of shops, restaurants, indoor and outdoor venues, including the Las Vegas Ballpark, City National Arena (home to the Golden Knights practice facility), and the Red Rocks Casino Resort & Spa.

“Elysian at Tivoli represented the opportunity to acquire a newly-constructed community in a highly-affluent, supply-constrained suburban lifestyle location. The property is exceptionally well located adjacent to Tivoli Village and offers an attractive amenity package supporting strong renter demand. This is our second acquisition in the Las Vegas market which continues to demonstrate exceptional demand fundamentals with relatively low levels of new supply. We are excited to expand our partnership with The Calida Group with this addition and continue to pursue additional opportunities together,” said Andrew Gindy, Senior Principal at Walton Street.

About Walton Street Capital, L.L.C.: Walton Street is a private equity real estate investment firm that, since its inception in 1994 through its affiliates, has raised over $14 billion of capital commitments from a broad cross-section of sophisticated institutional investors. Walton Street’s principals have collectively acquired, financed, managed, and sold over $50 billion of real estate and have an average of 20 years of real estate industry experience. Senior management has collectively invested and managed both real estate equity and debt through several real estate cycles over five separate decades and more than 40 years, forging long-term and deep relationships with lenders, public and private real estate owners, operators, brokers, managers, and industry service providers.

About The Calida Group: The Calida Group is a leading developer, investor, and operator of multifamily real estate properties in the western United States.?Founded in 2007 by Douglas Eisner and Eric Cohen, the principals have developed or acquired more than 16,000 multifamily units.?Calida invests roughly $1 billion annually across three primary strategies (Development, Value-Add Acquisitions, and Core-Plus Acquisitions) on behalf of a series of discretionary commingled funds serving the family office and ultra-high net worth communities, as well as forming partnerships with many of the nation’s largest financial institutions.

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