Name: The Resort at Tanamera
Location: Reno, NV
Website: www.tanameraresort.com
Date: 4/12/06

Description:

An aggressive search was conducted by our analysts at The Barone Group to identify a rapidly growing area with a shortage of entry-level housing. One of the areas identified was Reno, Nevada, where the fundamentals in the housing market were just what we were looking for.

We identified an exciting condominium project in the desirable South Meadows area of Reno, and after board approval The Barone Group acquired the $92 million "Class A" luxury condominium community. Sitting on 28 heavily landscaped acres, the property consists of 440 units in 55 two-story buildings, and includes a 15,000 square foot resort-style clubhouse with pool and spa. This luxury village is considered by many to be the finest community in the area.

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