The Bascom Group and funds managed by Oaktree Capital Management LP sold two Tucson multifamily properties, totaling 486 units, to different investors. The properties ended up trading for $87.5 million. Tyler Anderson, Asher Gunter and Jeff Casper with CBRE represented the seller.
The 290-unit Silverbell Springs at 7759 N. Silverbell Rd. in the Tucson suburb of Marana, AZ, sold to an investor client of the ConAM Group. The property offers two resort-style pools and spas, as well as a business center, game room, fitness center and covered children’s playground.