The Bascom Group, LLC has acquired Castlewood Park Apartments, a 183-unit value-add apartment community located in Buena Park, California, for $53,125,000, or $290,301 per unit. The acquisition marks Bascom’s continued pursuit of compelling opportunities in Orange County, a market where the firm has deep historical roots dating back to its founding in 1996. Originally […]
The Bascom Group has completed a $52 million cash-out refinance of Cantera at Towne Lake, a 366-unit, Class A garden-style multifamily community located in Cypress, Texas — a high-growth suburb situated northwest of Houston. Newmark Multifamily Capital Markets arranged the financing through a debt fund, with the transaction led by Vince Punzi and Lowell Takahashi […]
Bascom Arizona Ventures has acquired Domain 3201, a 289-unit apartment community in Tucson, Arizona, for $45.5 million in an off-market deal. The value-add acquisition — purchased at $157,439 per unit — marks the firm’s continued expansion of its Tucson multifamily portfolio, with a capital improvement program already planned.
Harbor Associates, partnering with Farallon Capital Management in a joint venture with Bascom Group, has acquired the 280,000-square-foot Yorba Linda Commerce Center in Orange County for $81 million. The off-market deal, closed at approximately $289 per square foot, underscores the extraordinary tightness of Southern California’s small-bay industrial market.
The Bascom Group has acquired The Ellison, a newly completed 294-unit Class A apartment community in the Summerlin/Spring Valley submarket of Las Vegas, for $103 million. The 2024-built property features resort-style amenities including a rooftop pool with a jumbotron screen and eight levels of structured parking.
JLL Capital Markets has arranged $7.5 million in permanent fixed-rate financing for 200 Pine Avenue, a 64,376-square-foot retail and office building in Downtown Long Beach owned by Bascom Group. The six-story Class A building is 81% leased and recently welcomed Dirty Birds restaurant as a new ground-floor tenant.
The Bascom Group has successfully leased a 3,039-square-foot ground floor retail space at 200 Pine Avenue in Downtown Long Beach to Dirty Birds, a popular San Diego-based restaurant and sports bar. The lease represents a key milestone in the ongoing revitalization of the Pine Avenue entertainment district.
The Bascom Group has sold Capitol at Stonebriar, a 424-unit Class A multifamily community in Frisco, Texas. Newmark represented the seller and arranged acquisition financing, citing strong lender enthusiasm for the asset’s location and quality.
Bascom Northwest Ventures has sold Tempo at Riverpark Apartments, a 235-unit coastal community in Oxnard, California, to a venture led by Hines for $105 million — a significant return on the $75.25 million investment made in 2018.
Bascom Arizona Ventures, an affiliate of The Bascom Group, has acquired Retreat at Speedway, a 304-unit apartment community in Tucson, Arizona for $53.4 million. The acquisition marks the firm’s return to multifamily buying and its first purchase since February 2020.
