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MF Portfolio in Bakersfield Sells for $25M
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The Bascom Group finalized a disposition encompassing a portfolio of six multifamily assets in Bakersfield, CA. The last two assets, Autumn Glen and Serena Vista (pictured), were sold to an undisclosed buyer for roughly $25 million.
The Mogharebi Group’s (TMG) Mark Bonas, who handled the transaction, says “This portfolio closed at top price for these submarkets. The buyers did very well to acquire these quality assets at below replacement cost.”
Bonas is part of a leading Central Valley multifamily sales team that recently joined TMG’s investment advisory group. The team is led by industry veteran Robin Kane, and includes Bonas, Gordon Larkin and Brendan Kane. They bring nearly 130 years of combined multifamily investment experience throughout the Central Valley, and will focus on servicing and expanding TMG’s platform from Bakersfield to Sacramento.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition




