Bascom Group Closes 192-Unit Bay Area Apartment Community in Fremont, California for $63,000,000
IRVINE, Calif., June 30, 2016 /PRNewswire/ — The Bascom Group, LLC (“Bascom”) has acquired Camden Village Apartments (“Camden Village”), a 192-unit garden style apartment community located at 38000 Camden Street, Fremont, California 94536. The $63 million sale closed on June 24, 2016 and marks Bascom’s 36th apartment acquisition in the past twelve months. Stanford Jones, Salvatore Saglimbeni, and Philip Saglimbeni with IPA were the brokers for the sale. Brian Eisendrath and Annie Rice with CBRE arranged the $44.7 million loan with CIT Bank N.A.