X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DOWNEY, CA—Downey may be the next hot market for Los Angeles value-add investors. The Bascom Group has purchased the Square, a 112-unit apartment complex in Downey for $25.5 million, citing the market’s strong job growth and access to entertainment centers in Los Angeles and Orange County as major appeals to the purchase. This is the investor’s 13th acquisition in California this year.  

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.