Bascom Arizona Ventures Acquires Class-A Multifamily Community for $11.5 Million in Downtown Tempe, Arizona

SCOTTSDALE, AZ – Bascom Arizona Ventures, a subsidiary of Irvine, California based private equity firm The Bascom Group, LLC has acquired a 37-unit property located in downtown Tempe, Arizona.  The purchase price was $11.5 million, or $310,811 per unit.

Dolce Villaggio Townhomes is situated within downtown Tempe’s Urban Core Master Plan Community. The property is within walking distance of Arizona State University, Tempe Town Lake, and multiple shopping, employment and entertainment developments.  Constructed in 2007, the property offers a swimming pool and spa, spacious two- and three-bedroom floorplans, and attached two-car garages for all units.

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