HOUSTON – California-based The Bascom Group has acquired two Houston-area apartment communities totaling 602 units.
The 390-unit Spencer Park Row is at 15335 Park Row in Houston. Tranquility Lakeside has 212 units at 2800 Tranquility Lakes Blvd. in Pearland.
The assets were built in 2002 and 2004.
CBRE represented the seller and arranged acquisition financing through Oaktree Real Estate Debt Fund III LLC.
These acquisitions mark the 38th multifamily property Bascom has purchased in Texas.
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Source: MultifamilyBiz