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  • Bascom Group Nabs $94M Orange County Community

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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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Results: 115 Articles found.

Bascom Group Nabs $94M Orange County Community

Santa Ana, Calif.—The Bascom Group LLC acquired Villas at Tustin Apartments, a 406-unit infill apartment community located in the heart of Orange County. Sean Deasy and Ryan Fitzpatrick of HFF were the listing brokers for the $94-million sale, which represents $231,527 per unit. Charles Halladay and Jamie Kline of HFF arranged a $66.5-million loan with California Bank & Trust.

 

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.

 
 
Results: 115 Articles found.