Alturas Buys Sparks Marina for $100M | Reno News

Alturas Capital Partners just pulled off a blockbuster deal, shelling out over $100 million for the Legends at Sparks Marina — a massive 421,000-square-foot retail hub with 97% occupancy. After previously passing on the property in 2022, they returned with deeper analysis and are now poised to unlock its full potential by converting underperforming leases into market-rate, triple-net agreements. This bold move in a secondary market like Sparks underscores Alturas’ strategy to find hidden gems others overlook — and they’re already eyeing more deals in the area. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/a27f49e9251b0a82