Bascom Closes 43-Unit Apartment Community in Escondido, California for $7,700,000
April 13, 2016 – The Bascom Group, LLC has acquired Juniper Terrace, a 43-unit apartment community located at 1580 South Juniper Street in Escondido, California for $7,700,000 or $179,070 per unit or $172.00 per square foot. Olga Alworth with Meridian Capital arranged the debt financing and Manufacturers Bank provided the new loan. Eric Comer with CBRE brokered the transaction. This marks the ninth acquisition in Southern California for the Bascom Group in the past 12 months.