Bascom Group acquires 196-unit Tuscon apartment community for USD11.6m

By Clara Dijkstra29 days ago

The Bascom Group (Bascom) has acquired Sierra Charles Apartments (Sierra Charles), a 196-unit apartment community in Tucson metro area for USD11.6 million, or USD59,164 per unit.

Financing for the acquisition was provided by MF1 Capital and was arranged by Brian Eisendrath and Cameron Chalfant at CBRE Capital Markets.

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Property management will be provided by MEB Management Services and construction management will be provided by CAPgro Construction Management.

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