Chang Liu & James D’Argenio Of The Bascom Group Acquire 370-Unit Jasmine Apartments In Dallas

The property asset involved in the transaction is the 370-unit Jasmine Apartments, located at 13450 Esperanza Road in Dallas, TX. The asset was built in 1980 and is poised for rehabilitation following a foreclosure by its lender in 2025. The acquisition financing was provided by More Capital.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: Not specified
• Units: 370
• Buyer: Chang Liu & James D’Argenio - The Bascom Group
• Brokers: Taylor Snoddy & Eric Stockley - NorthMarq
• Lender: More Capital
• Mortgage Brokers: Joe Giordani, Scott Botsford, Brendan Golding & Alvin Cao - NorthMarq

The transaction marks The Bascom Group’s 42nd acquisition in Texas. SD-Cap will serve as the construction manager for the rehabilitation, while RPM Living has been appointed as the property manager for the asset moving forward.