Bascom Group Closes 152-Unit Apartment Community in Southern California
IRVINE, Calif., Aug. 5, 2016 /PRNewswire/– The Bascom Group, LLC (“Bascom”) has acquired Del Flora Apartments (“Del Flora”), a 152-unit garden style apartment community located at 30598 Independence Avenue, Redlands, CA 92374. The $22.15 million sale closed on July 28, 2016 and marks Bascom’s 37th apartment acquisition in the past twelve months. Tyler Martin with ARA Newmark was the broker for the sale. Brian Eisendrath and Annie Rice with CBRE arranged the $16.94 million loan with CIT Bank, N.A.