Bascom Group Sells 336-Unit Multifamily Property in Las Vegas to RK Properties for $59.2M
LAS VEGAS — The Bascom Group has completed the disposition of Montecito Pointe, an apartment community located at 9745 Grand Teton Drive in northwest Las Vegas. RK Properties acquired the property for $59.2 million.
Completed in 2007, the community features 336 apartments, with an average unit size of 981 square feet. Amenities include a pool, fitness center, children’s play area and pet exercise park.
John Cunningham and Charles Steele of JLL represented the seller in the deal.