Skip to content

Grant's Landing


Ground-up development of a 416-unit Class A multifamily project in Downtown Reno, NV

Asset Type





416 units

Key Investment Thesis

  • Opportunity to deliver a best-in-class residential offering in an extremely desirable location – the project is situated directly on the Truckee River near the Riverwalk District and Midtown District, which together form Reno’s most urban, diverse, and vibrant neighborhood which has been experiencing significant growth due its unique lifestyle offering.
  • Continued evolution of the Downtown and Midtown neighborhoods as well and the Reno market as a whole, which continues to experience an influx of new residents and employment growth, including Tesla’s recent announcement of an additional $3.6 billion investment into two new factories in Reno as well as Redwood Materials’ announcement for a new $3.5 billion battery recycling facility.
  • Historically undersupplied housing market in Reno which has led to significant continued rent growth within the market.
  • Grant’s Landing focuses on the shift in demand towards highly amenitized Class A housing within the Downtown submarket which historically has seen very limited institutional quality multifamily product.

JMA Value Creation

Acquired the site at a favorable basis while securing an attractive seller financing structure.
Assembled best-in-class A&E team while navigating Reno’s construction market during a period of record high new development.
Identified an opportunity to participate in the Qualified Opportunity Zone tax program, allowing investors to benefit significantly from special tax treatment of capital gains from the IRS stemming from the Tax Cuts and Jobs Act of 2017.