POMONA, NY-Spirit Bascom Ventures, a joint venture between New York City based Spirit Investment Partners and Irvine, CA based the Bascom Group has acquired the Avalon Crystal Hill apartments here for $33 million, GlobeSt.com has learned EXCLUSIVELY. The Class A apartment community, located 45 minutes north of midtown Manhattan, contains 169 units, as well as a large clubhouse, fitness center and pool area. The seller was Avalon Bay Communities.

The property was marketed on behalf of Avalon Bay by Mark Dellilo, founding member and managing partner, and Jeff Bastow, managing director at BlueGate Partners‘. Spirit Bascom represented itself in the deal. This purchase represents the second multifamily transaction for Spirit Bascom, which recently closed on the Jefferson at 55/77 Water, located in historic South Norwalk, CT, for $43.3 million.

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