Hillwood sold a portfolio of five primarily residential properties in the Las Vegas market to a JV between Ridgewood Real Estate Partners and Angelo, Gordon & Co. This sale represents more than 1,800 residential lots and land that is already zoned for 759 multifamily units, plus 10 acres for commercial use. Representing Hillwood in the sale was Colliers International Las Vegas SVP Michael Stuart. About $70M in infrastructure is already in place on this collection of properties, which Hillwood purchased as part of a larger portfolio in 2008. Nearly 600 of the residential lots are finished and more than 900 lots are partially completed. The remaining lots are zoned, entitled and ready for lot construction. This assemblage can accommodate single-family and multifamily homes, in addition to retail and commercial uses.