Bascom Group Acquires 183-Unit Castlewood Park Apartments in Buena Park for $53MM

The Bascom Group has purchased the 1963-vintage Castlewood Park Apartments in Buena Park for $53.125 million, wagering that experienced value-add operators can profit from older Orange County communities that institutional buyers have abandoned. The Irvine-based private equity firm has acquired Castlewood Park Apartments, a low-density, 183-unit value-add community in Buena Park, for $53,125,000, or roughly […]