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  • Investment Pro Reflects On Hot Las Vegas Apartment Market

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  • $250M JV Acquires Tucson Property

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  • Bascom Group Grows Its Southern Nevada Portfolio

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  • The Bascom Group Acquires Apartment Community in Expanding Inland Empire Submarket

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Results: 114 Articles found.

Investment Pro Reflects On Hot Las Vegas Apartment Market

In Las Vegas real estate, few aspects of the market are as heated today as apartments. Construction keeps ramping up, vacancy rates have dropped, rents keep rising, and landlords are paying more for buildings.And in the past few years, one person involved in some of the valley’s biggest apartment deals ever is Scott McClave. McClave is senior principal of acquisitions and finance at The Bascom Group, which in 2015 teamed with investment giant Oaktree Capital Management to buy Vantage Lofts, a formerly abandoned, partially built condo project in Henderson that became a pricey rental property.​

 

$250M JV Acquires Tucson Property

Tucson, Ariz.—The $250 million joint venture by The Bascom Group and funds managed by Oaktree Capital Management acquired La Entrada Apartments, located at 255 N. Granada Ave. in Tucson, Ariz. ACORE Capital provided debt financing, arranged by Brian Eisendrath, Brandon Smith and Annie Rice of CBRE. Onsite property management will be provided by Morrison, Ekre & Bart Management Services.

 

Bascom Group Grows Its Southern Nevada Portfolio

The Bascom Group, an Irvine, California-based firm with several multifamily holdings in Las Vegas and across the U.S., increased its Southern Nevada footprint at the end of 2016. Bascom acquired two apartment communities in the west end of the valley, according to data from CoStar.com, a commercial real estate news website.

 
 
Results: 114 Articles found.