(Read more on the multifamily market.)

LOS ANGELES-The Irvine-based Bascom Group has placed a portfolioof five multifamily properties totaling 1,526 units on the marketat an asking price of $200 million and has named SVP Kitty Wallaceof the West Los Angeles office of Sperry Van Ness to market theportfolio. The properties, in the Antelope Valley in the northernpart of Los Angeles County, include four in the City of Lancasterand one in the City of Palmdale.

Bascom is offering prospective buyers the option of acquiringthe complexes either individually or as a portfolio. Wallacedescribes the portfolio as "a rare opportunity to acquire acollection of five multifamily properties in ahigh-barrier-to-entry market that is expected to double inpopulation size over the next 25 years."

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.