Trellis Park Crossroads

October 3, 2016 Comments Off on Bascom Pays $35M to Boost Vegas MF Portfolio Views: 229 California, National News, Nevada, West

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.

Read More at PR Newswire

Connect with Bascom Group

Connect with CBRE’s Ballif

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