Bascom Group Trades Las Vegas Community for $70M

eller Investment Properties has purchased 80 on Gibson, a 308-unit Class A multifamily asset in Henderson, Nev., for $70 million, according to Yardi Matrix. The Bascom Group sold the property, while Newmark Knight Frank provided the buyer with acquisition financing through Fannie Mae.

The new owner will operate the asset through its subsidiary, Keller Management. Previously, Bascom had enlisted AMC to oversee property management. The seller had acquired the community from Sentinel Real Estate for $37.3 million in late 2015.

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