Lily Funds Announces Approval for Sale of $ 60 Million Land Along the Las Vegas Resort Corridor

LAS VEGAS, December 9, 2021 / PRNewswire / – Tom mcmanus, President and CEO of Lily Funds is delighted to announce the approval of the sale of 17 acres of land along the Resort Corridor in Las Vegas. The land will be sold for $ 60 million to the Clark County Aviation Department after an agenda item was approved during a Clark County Commission meeting on December 7. The sale will be closed by the end of the month.

McManus retains two Strip-facing plots on the original 22 acres of land just north of 5051 Las Vegas Boulevard, both located in an opportunity area less than half a mile from the Allegiant Stadium of the Las Vegas Raiders and almost next to the “Welcome to Fabulous Las Vegas” sign.

“This is a unique moment for our business as the availability of land on this scale is non-existent in this market,” said McManus. “This sale is just another symbol of exponential growth Southern Nevada is experimenting. I am excited about our remaining properties facing the Strip because Las Vegas truly is the entertainment capital of the world. “

McManus has been active in the south Nevada for decades and has successfully developed planned projects such as Tuscany, in Henderson. Since 2013, Lily Funds LLC has initiated millions of dollars in real estate investments nationwide and continues to grow its operations.

About Lily Funds
Founded in 2013, Lily Funds LLC is a private investment firm and multi-family office located in Fort Lauderdale, Florida. Lily Funds investing value-added and opportunistically in the United States and the Caribbean, through affiliates, owns and manages numerous real estate holdings. President and CEO Tom McManus founded the company to integrate best practices developed throughout his career with an agile structure only possible in a company directly supervised by him. For more information visit www.lilyfunds.com

Media contact: Elizabeth Trosper; Public Relations Trosper
E-mail: [email protected] Telephone: 702.283.2970

SOURCE Lily Funds