Bascom pays $500K per unit for Palos Verdes multifamily
The Bascom Group has picked up a 257-unit apartment complex in Rancho Palos Verdes for $127 million, with plans to renovate its 53-year-old interiors. The Irvine-based private equity firm bought the Highridge Apartments at 28125 Peacock Ridge Drive, from Essex Property Trust, based in San Mateo, Commercial Observer reported. The deal works out to $494,163 […]This article originally appeared on The Real Deal. Click here to read the full story.
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