A joint venture between Bascom Arizona Ventures and Pacific Life Insurance Co. has sold two luxury multifamily properties—Ascend at Kierland and Elite North Scottsdale. Located in the North Scottsdale, Ariz., market, the properties total 724 units and were purchased by The Ezralow Co. for $312.5 million. Read More
The Bascom Group has acquired a 405-unit apartment community within the Fort Lauderdale metro area. The property, Sunny Lake Apartments, traded for $79.2 million or $195,679 per unit. Bascom invested in the property with JV partners Leste Group and East Hill Capital Partners with Leste participating as the majority equity investor. Bridge Investment Group provided […]
IRVINE, Calif., Aug. 11, 2021 /PRNewswire/ — The Bascom Group, LLC (“Bascom”) has acquired an 80-unit multifamily community within the broader San Diego market. The property, Echo Pointe Apartments, consists of large, two- and three-bedroom floorplans across 20 fourplex buildings in centrally-located La Mesa, California. Bascom purchased the 80-unit property for $26,800,000, or $355,000 per unit. Brightspire Capital (fka Colony Capital) provided the […]
IRVINE, Calif., July 23, 2021 /PRNewswire/ — The Bascom Group, LLC (“Bascom”) has acquired a 93-unit Single-Family Rental community within a broader housing district in Las Vegas, Nevada. The property, Suncrest Townhomes, consists of zero lot-line paired single family homes in North Las Vegas. Bascom purchased the 93-unit single-family portfolio for $24,750,000 or $266,129 per unit. Rialto Capital Management provided the debt financing for the acquisition […]
EVANSTON, Ill., July 27, 2021 /PRNewswire/ — Spirit Investment Partners (“Spirit”) of Stamford, CT in partnership with Irvine, California based The Bascom Group, LLC (“Bascom”) have acquired the 415 Premier apartments in Evanston, Illinois for $49,110,000 or $222,217 per unit. The acquisition closed on July 21, 2021. Dan Cohen of CBRE represented the seller. Peter Marino, also of CBRE, arranged the acquisition financing through Rialto Capital Management. Read More
As the streaming media boom accelerates and drives demand for creative office space, Harbor Associates (Harbor) has completed renovations and re-introduced a 75,716 square foot creative office building to the well-established Los Angeles media and entertainment submarket of Universal/Studio City. Harbor’s 4130 Cahuenga Boulevard, which completed a USD3.5 million renovation last month, is already […]
IRVINE, Calif., July 7, 2021 /PRNewswire/ — The Bascom Group, LLC (“Bascom”) has closed a 390-unit, three-property portfolio in Las Vegas. The portfolio, consisting of Spectra at 4000, Spectra East, and Spectrum at Katie. Total cost for the portfolio was $72,000,000 or $184,806 per unit. Curt Allsop and Angela Bates with Newmark oversaw the sale. Debt financing was provided by Bridge Investment Group and arranged by Charles Halladay, Jamie […]
POMONA, N.Y. — An affiliate of Harbor Group International LLC (HGI) has purchased The Henry, a 169-unit luxury apartment community in Pomona, about 40 miles north of New York City, for $54 million. Built in 2001 and recently renovated, the property’s units feature stainless steel appliances, tile backsplashes and granite countertops. Amenities include a resident […]
IRVINE, Calif., April 16, 2021 /PRNewswire/ — The Bascom Group, LLC (“Bascom”) has acquired Sierra Charles Apartments (“Sierra Charles”) in the Tucson metro area. Bascom purchased Sierra Charles, a 196-unit garden-style community built in 1985, for $11,600,000, or $59,164 per unit. Financing for the acquisition was provided by MF1 Capital and was arranged by Brian […]
Harbor Associates and Singerman Real Estate have acquired the Summit IV office campus in Aliso Viejo, Calif., in an off-market transaction. The two-building, 297,277-square-foot asset changed hands for $92 million, according to Commercial Real Estate Direct. CommercialEdge information shows the previous owner was Invesco Real Estate, which had purchased the Class A property in 2015 […]
