PHOENIX- Bascom Arizona Ventures LLC, anaffiliate of Bascom Group LLC and MorganStanley Real Estate Investing, obtained $21 million inacquisition financing to buy the 330-unit Estates on Maryland.Mesa West Capital, based in Los Angeles, providedthe first-mortgage financing on the class A multifamilyproperty.
Estates on Maryland is situated on 11.7 acres at 1802 W.Maryland Ave. Built in 2001, the gated community features one-,two- and three-bedroom units along with two resort-style swimmingpools with sundecks, an internet caf
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