Bascom Closes 175-Unit Apartment Community in Palm Springs, CA
IRVINE, Calif., June 11, 2013 /PRNewswire/ — The Bascom Group, LLC has acquired Andalucia Apartments, a 175-unit community located in Palm Springs, CA for an undisclosed price. Bascom worked with Brian Eisendrath of CBRE to arrange the financing for the purchase. Built in 1979, the property consists of four three-story buildings with three pools and spas spread throughout. The property’s diverse layout has the foundation to create a resort-like amenity package with many open areas to be creative. Andalucia is also ideally located in Palm Springs, being less than a mile from Downtown Palm Springs and across the street from Sunrise Park.