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Bascom Arizona acquires 812-Unit apartment portfolio in Arizona

Bascom Arizona Ventures has acquired three apartment communities located in Tucson and Sierra Vista, Arizona for $70.225 million. Bascom Arizona Ventures assumed the existing HUD loans for all three properties. Hamid Panahi of Marcus & Millichap represented the buyer and seller in the transaction. The onsite property management will be overseen by Arizona based Morrison, Ekre & Bart Management Services.

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Real Estate,commercial real estate,real estate deals