Echo 1055

Address: 1055 E Tropicana Ave, Las Vegas, NV 89119
Market: UNLV, Las Vegas, NV
# of Units: 215
Acquisition Date – October 16th
Project IRR: 15%

In 2016, GoodLife HP acquired a 3.7-acre parcel of land and related land use rights for the development of a 215 unit/601-bed student housing project in Las Vegas. Construction started in December 2017 and was completed in August 2019. The total development cost was $62 million, including a rentable residential area of 207,237 SF, 6,000+ SF amenity center, 7 study lounges, 8 private study rooms, 1,500 SF retail space, and 273 parking spaces. For three consecutive years, Echo has been ranked in the top 100 student housing properties in the country based on online reviews. Echo has risen in rankings, from last year’s placement of 97 to this year being placed at 42!

The 2021 Winners in Student Housing by ORA | Multifamily Executive Magazine