Bascom Group Completes All-Cash Foreclosure Auction Purchase in the Sandy Springs Submarket in Atlanta, Georgia
IRVINE, Calif., Sept. 10 /PRNewswire/ — The Bascom Group, LLC (“Bascom”) acquired The Parc at Dunwoody Apartments for $10.0MM ($32,051 per unit). Bascom purchased the property, all-cash, at a foreclosure sale on September 7, 2010. Parc at Dunwoody is a 312-unit Class B property constructed in 1980 and renovated in 2007 and 2008. The property is located in the exclusive Sandy Springs subdivision of Atlanta, Georgia.