Retail · Las Vegas
Grand Canal Shoppes (incl. Shoppes at the Palazzo)
—, Las Vegas
Verified
sourcedmodeled1 of 7 sourced
Ownership & debt
Ownership chain & debt stack
Owner of record: Brookfield Property Partners / Nuveen Real Estate (Grand Canal Shoppes Holdings LLC).
2 recorded holders · 2 beneficial owners · chain resolves 2 levels, with each holder's interest percentage and class.
1 debt tranche on file — lender, principal, rate and maturity.
Financials
Financial model
Effective gross income, operating expenses, DSCR, cash-on-cash, mark-to-market and replacement cost — the income side of the underwrite.
Underwriting
Underwriting
Unlevered and levered IRR, equity multiple, exit math and a live sensitivity grid — built on the NOI, the debt stack and the rent roll above.
Provenance footnotes
- Current value: Single source — SEC EDGAR (GGP Form 8-K, 2004) / GlobeSt · https://www.sec.gov/Archives/edgar/data/0000895648/000095013704003217/c84757exv99w1.txt · observed 2004
- $/SF: Estimated — no sourced claim on file.
- GLA: Estimated — no sourced claim on file.
- Ownership — Brookfield Property Partners / Nuveen Real Estate (Grand Canal Shoppes Holdings LLC): Single source — realestate.nuveen.com · https://realestate.nuveen.com/retail/grand-canal-shoppes-holdings-llc/
Modeled figures — LTV, debt yield, DSCR, cash-on-cash, occupancy, WALT, tenant concentration are derived arithmetic, not sourced claims. Not investment advice.
Anchoring begins when the asset enters the live ledger.