Bascom Group Grows SoCal Multifamily Portfolio

LOS ANGELES—Private equity firm the Bascom Group has acquired the Four Winds Apartments community at 8121 Broadway Ave. in Whittier for $13.4 million. The complex has 138 units and sits on a five-acre, garden-style lot.

The transaction marks the company’s second multifamily acquisition in the Southern California market in two months. “While we continue to grow our presence nationally, we remain focused on investment opportunities in our own backyard,” says Chad Sanderson, Bascom Group principal. In February, the company purchased Huntington Villas Apartments, a rare 114-unit apartment complex in Huntington Beach, for $19 million. The property has mostly one-bedroom apartments with a small selection of studios and two-bedrooms.