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Home Finance Bascom Group Acquires 249-Unit Build-to-Rent Multifamily Property in Bakersfield for $56.6MM
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Bascom Group Acquires 249-Unit Build-to-Rent Multifamily Property in Bakersfield for $56.6MM

August 29, 20243 Mins read663
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IRVINE, Calif., Aug. 29, 2024 /PRNewswire/ -- The Bascom Group, LLC ("Bascom") has acquired Old River Place, a 249-unit single family residential-style, build to rent multifamily residential property located in the highly desirable Southwest submarket of Bakersfield, California. The purchase price was $ $56,633,500 or $227,444 per unit.  Despite the high-interest rate environment and anemic […]

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