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Bascom Affiliate Bags Tempe MF for $89M
Bascom Arizona Ventures, LLC acquired the Tempo at McClintock Station Apartments, a mid-rise multifamily property consisting of 423 residential units and one retail unit in Tempe, AZ. The seller was P7 McClintock Station Owner, LLC, which secured a $89.2-million sales price that works out to $210,377 per unit.
The highly-amenitized, institutional quality asset was constructed in 2017 by Fore Property Company. The property offers residents a wide selection of unique one, two and three-bedroom apartment homes.
The Class A multifamily property is situated in the booming North Tempe submarket, and delivers residents “doorstep” access to the Valley Metro Rail, which connects to Downtown Tempe, the campus of Arizona State University, Sky Harbor International Airport, and Downtown Phoenix.
Oaktree Real Estate Finance II, LLC provided debt financing, which was arranged by CBRE’s Brian Eisendrath, Brandon Smith and Annie Rice. Melody West’s Stephen Peters advised the buyer and seller in the transaction.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing
- ◦Sale/Acquisition

