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Bascom Pays $35M to Boost Vegas MF Portfolio
The Bascom Group LLC bought the 312-unit Trellis Park Crossroads Apartments in North Las Vegas. The Irvine, CA buyer paid $35.4 million for the Class A asset, which delivered in 2009. Records list Craig Allen Development LLC as the seller.
CBRE’s Spence Ballif negotiated the transaction, while Brian Eisendrath and Annie Rice, also with CBRE, arranged a $31.5 million acquisition loan through Resource Real Estate Funding Inc.
Trellis Park Crossroads sits on 15.6 acres at 3825 Craig Crossing Dr. The property has a mix of one, two, and three-bedroom units, with amenities including fitness centers, pool/spa areas, a clubhouse and business center, and a playground with a splash park.
The purchase means Bascom now owns 27 multifamily properties in the Las Vegas market, totaling 8,563 units.
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- ◦Sale/Acquisition
