McCourt Partners and TRU Development Announce Partnership to Develop Class A Multifamily Project in Henderson, Nevada
LA VEGAS, November 15, 2022 /PRNewswire/ — McCourt Partners, one of the most visionary, community-driven, family-owned real estate development companies in the United States, today announced a partnership with VegasTRU Development Company, a market leader with deep roots in the region, to develop a 244-unit Class A apartment building at Henderson, Nevada. The project is located on nearly 6 acres at the entrance to Inspirada, a vibrant and thriving planned community.
“We are excited to expand our footprint to an exciting, high-growth market where we see great potential,” said Jordan Lang, Chairman of McCourt Partners. “We are delighted to partner with TRU Development, who not only have a proven track record and deep market knowledge, but also share our passion for building projects that have a meaningful impact on the communities they serve.”
“TRU Development is excited about the opportunity to partner with McCourt Partners to acquire a dynamic site in Inspirada. The growing submarket of West Henderson provides the perfect setting for a new multi-family residential delivery,” said Tim DetersPresident and CEO of TRU Development.
This project is the latest in a strong development pipeline for New York and Los Angelesbased at McCourt Partners, which earlier this year announced the acquisition of a centerpiece of the Dallas Design District, a unique real estate portfolio spanning more than 40 acres and nearly 800,000 square feet of showroom, retail retail and flexible leased offices.
McCourt President and CEO Frank H. McCourt Jr. is a fifth-generation builder and business leader whose family roots in real estate and construction date back to 1893. Over the past 45 years , McCourt was involved in large-scale real estate. projects in New York, London, Miami, Austin and Los Angeles, and played a vital role in the development of Boston’s seaport.
About McCourt Partners
McCourt Partners, a business unit of McCourt Global, Inc., is a private investment platform with over $1 billion in permanent capital. It focuses on real estate development and has made significant investments in landmark projects in New York, Los Angeles, Austin, London and Miami. McCourt Partners strives to build stronger communities through inclusive space, green technology and resilient design.
About TRU Development
TRU development, a Vegas based company has over 100 years of combined experience in construction and development. With a collective experience of over 10,000 multi-family development and construction units (low, mid and high rise) and extensive expertise in property development, rights, due diligence, budgeting, capital raising, management construction, civil engineering and market analysis. TRU works hand-in-hand with selected general contractors and sub-contractors from pre-development through construction. TRU has a long history with the multi-family type of product and is committed to remaining extremely active in the Vegas market.
SOURCE McCourt Partners