The Bascom Group LLC, headed by managing directors Jerome Fink and David Kim, bought the Raintree Apartments at 3699 Bernard Dr. The seller was Oceanside Raintree Apartment LP, a partnership headed by Donald Chandler and Robin Hemingway.
The property consists of 68 one-bedroom and 68 two-bedroom units. It also has a pool, spa, racquetball, tennis and volleyball courts and other amenities.
Diane Miramontes of Business Real Estate Brokerage Co. represented the buyers. The sellers represented themselves.
San Diego County's apartment sales are the strongest in more than a decade. Multifamily projects totaling 4,646 units were sold in 265 transactions countywide in the second quarter, according to local market data.
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