Bascom Group Closes 252 Unit Class A Luxury Apartment Community in Las Vegas, Nevada
IRVINE, Calif., Jan. 3, 2017 /PRNewswire/ — The Bascom Group, LLC (“Bascom”) has acquired Spectrum Apartments (“Spectrum”), a late-vintage 252-unit luxury apartment community located at 9242 West Russell Road, Las Vegas, NV 89148. The $38.35 million sale closed on December 22, 2016. Patrick Sauter and Art Carll with NAI Vegas were the brokers for the sale. Charles Halladay and Jamie Kline with HFF arranged the $27.3 million loan with Lincoln Benefit Life Company. Since 2013, Bascom and its affiliates have acquired 29 multifamily properties in the Las Vegas market, totaling 9,167 units.