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Bascom Group acquires apartment community in Southern California

The Bascom Group, LLC, a private equity firm that specializes in value-added multifamily, commercial and real estate related investments, has acquired a 123-unit infill apartment community located in Costa Mesa, California. The price of the acquisition was $33.3 million. CBRE arranged the debt financing for the transaction, and the sale was brokered by Berkadia.

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Real Estate,commercial real estate deals,commercial real estate,real estate deals,multifamily