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The Bascom Group has acquired two adjacent apartment properties in Colorado Springs with its affiliate The Axton Group. The acquisition included Summer Grove Apartments and Tanglewood Apartment Homes, purchased for a total of $41.25 million.

Summer Grove is a 374-unit community and was acquired for $31 million or $82,887 per unit. Tanglewood is a 112-unit community and was purchased for $10,150,000, or $90,625 per unit.

Kelsi Maree Borland

Kelsi Maree Borland is a freelance writer and editor living in Los Angeles whose work has appeared in such publications as Travel + Leisure, Angeleno and Los Angeles Magazine.

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