A Northmarq team led by managing directors Thomas Olivetti and Taylor Sims turned Las Vegas apartments into a full-on deal machine in 2025, closing seven multifamily trades worth roughly $489.8 million. The run featured two splashy headliners, the Elysian at Post and the Lyric, each a nine-figure sale that pushed the pair squarely into the region’s top-broker conversation and highlighted steady institutional appetite for stabilized assets across the Southwest.
In a company release, Northmarq says Olivetti and Sims have effectively dominated the Las Vegas multifamily scene and were recognized as ApartmentBuildings.com’s Dealmaker of the Year in 2025. The firm credits the duo with nearly $1 billion in transactions since teaming up in late 2023 and says they continue to hold a commanding local market share.
Big Year, Key Wins
As reported by Connect CRE, the team walked seven deals to the finish line in 2025, with total transactional volume of $489,775,000. The outlet singled out the Elysian at Post at about $121.5 million and the Lyric at about $103.5 million as the year’s heavyweight closings, and named Olivetti and Sims Phoenix & Southwest Top Broker Award winners for 2026.
Deal Details
Public underwriting materials put the Elysian at Post sale price at roughly $121,475,000 and show the deal closed in September 2025, according to an underwriting report. The Lyric is a 376-unit community in Silverado Ranch, and PGIM arranged an $80 million floating-rate loan tied to its acquisition and planned capital improvements, according to Yield PRO.
The Brokers
Olivetti, a Las Vegas native who joined Northmarq in 2018, and Sims, who came aboard in 2023 after leading Cushman & Wakefield’s Las Vegas multifamily advisory group, have built a high-volume multifamily book that the company frequently spotlights. Northmarq credits the team’s on-the-ground market knowledge and consistent deal cadence for their top-market position.
For investors, this string of nine-figure sales is a pretty clear signal that institutional capital is still very much in the Las Vegas apartment game, and recent lending and financing activity backs that up. Yield PRO and transaction filings show lenders continuing to fund acquisitions and rehab dollars for well-located multifamily properties, keeping the broader Southwest firmly on buyers’ radar.
