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

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LAS VEGAS – 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 is approved at a Clark County committee meeting on December 7. The sale will close by the end of this month.

McManus retains two plots facing the Strip 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 Allegiant Stadium in 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 the exponential growth that southern Nevada is experiencing. I am excited about our remaining properties facing the Strip, as Las Vegas truly is the Entertainment Capital of the World.

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