Investor Portfolio of 75 Hotel-Condo Units Listed
The package, which includes 73 units at The Signature at MGM Grand, is now listed for $27 million.
Updated on Oct. 12, 2026 in Gambling
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A real estate agent has listed a 75-unit hotel-condo portfolio for $27 million, marking a major sale for the family of the late investor who originally assembled the collection. The portfolio is comprised of 73 units at The Signature at MGM Grand and two units at Palms Place.
Why it matters
The sale offers a window into the long-term investment landscape for valley high-rise condos, which saw heavy institutional activity earlier in the decade. The family is moving to liquidate the assets following the owner's death last year at age 81.
The portfolio features 75 units, including 73 at The Signature at MGM Grand and two at Palms Place, priced at $27 million. This follows a $24 million acquisition cost by the previous investor.
The players
Berkshire Hathaway HomeServices Nevada Properties
The agency responsible for managing the listing of the 75-unit hotel-condo portfolio.
The Signature at MGM Grand
The high-rise development housing 73 of the units currently for sale.
Palms Place
The property located on Flamingo Road housing two of the units currently for sale.
The details
Berkshire Hathaway HomeServices Nevada Properties is handling the sale, which requires the units to be purchased as a single portfolio. The inventory spans two prominent sites: The Signature on Harmon Avenue and Palms Place on Flamingo Road. The listing follows a series of historical bulk-purchase trends in the region that saw thousands of units move through investment firms between 2012 and 2015.
Timeline
2012 saw investment firms purchase 427 condos for $119 million.
2013 saw firms purchase 1,300 units for $237 million.
2015 saw an investment firm purchase 64 units for $18 million.
The previous owner of the portfolio died in 2025 at age 81.
Beyond the Strip
The listing reflects the active turnover of high-rise assets following the mass institutional buying patterns seen in 2012 and 2013. This sale follows the pattern set by the 2013 bulk acquisition of 1,300 condo units for $237 million.
Residents and investors interested in high-rise property should note that these 75 units are being sold strictly as a single portfolio. The sale process is currently managed by Berkshire Hathaway HomeServices Nevada Properties.
The takeaway
Potential buyers should watch this listing as a benchmark for high-rise unit valuation in the current market. Interested parties should monitor updates from Berkshire Hathaway HomeServices Nevada Properties regarding the status of the portfolio sale.
Further reading
For broader context on the local real estate and resort-adjacent market, visit Gambling.
Source note: This article includes information reported by Las Vegas Review-Journal.
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