Bascom Group Acquires a Distressed 360-Unit Luxury Class A Apartment Community in San Antonio, Texas in Receivership

IRVINE, Calif., Aug. 31 /PRNewswire/ — The Bascom Group, LLC (“Bascom”) has acquired The Retreat at Canyon Springs Apartments, a 360-unit luxury Class A property constructed in 2001. The sale closed on August 26, 2010. The apartment community is located in the exclusive Stone Oak subdivision of San Antonio, Texas. The property was purchased through a receivership sale and debt financing was provided by Midland Loan Services. The purchase expanded Bascom’s Texas acquisitions to 25 properties totaling 9,173 units. Bascom purchased Retreat at Canyon Springs from the receiver with Ryan Epstein from Marcus and Millichap representing both parties. The acquisition for Bascom was managed by Jeffrey Fuller and Han Jang and the onsite property management will be assigned to GreyStone Asset Manageme​

Read More

Share This Article :

Related Posts