Bascom Group Makes Entrance Into Reno, Acquiring 147-Unit Apartment Community For $31MM

IRVINE, Calif., Nov. 29, 2021 -- The Bascom Group, LLC ("Bascom") has acquired Sierra Point Apartments ("Sierra Point") in the Reno, Nevada metro area. Bascom purchased Sierra Point, a 147-unit garden-style multifamily community for $31,000,000, or $210,884 per unit, in an off-market transaction.  The property, built in 1996 & 1998, consists of 84% two-bedroom floorplans. Financing for the acquisition was provided by LoanCore […]