(To read more on the multifamily market, click here.)
BEDFORD, TX-The Bascom Group, eyeing the resale promise, hasscooped up a 263-unit complex beside one that it bought a year agoin an off-market bid to reunite properties that were developed asone. The repositioning plan will get under way with a $7,000 perunit overhaul of the 1980s-era complex.
Bascom's newest deed is the 32-building Forestwood Apartments at1611 Oak Creek Lane. Although Bascom doesn't discuss its prices,comparable class suburban properties have been fetching close to$30,000 per door in recent months.
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