Bascom Group Strengthens Las Vegas Portfolio, Acquires 390-Unit, Three-Property Portfolio for $72 Million
IRVINE, Calif., July 7, 2021 /PRNewswire/ — The Bascom Group, LLC (“Bascom”) has closed a 390-unit, three-property portfolio in Las Vegas. The portfolio, consisting of Spectra at 4000, Spectra East, and Spectrum at Katie. Total cost for the portfolio was $72,000,000 or $184,806 per unit. Curt Allsop and Angela Bates with Newmark oversaw the sale. Debt financing was provided by Bridge Investment Group and arranged by Charles Halladay, Jamie Kline, and Annie Rice with JLL Capital Markets. Cushman Wakefield was tapped for property management services and construction management will be provided by Renu Multifamily Services.