Updated Oct 13, 2026
Bascom Group Acquires Multifamily Property In Houston And Pearland, TX
15335 Park Row, Houston, Texas 77084, United States
Units
602
Asset Type
MultiFamily
Closing
Dec 21, 2021
About this deal
AI
The Bascom Group has acquired a multifamily property consisting of 602 units located at 15335 Park Row and 2800 Tranquility Lake Blvd in Houston and Pearland, TX. The transaction took place on 12/21/2021. The property is situated in a desirable market and offers a significant number of residential spaces.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not mentioned
- Units: 602
- Market: Houston & Pearland, TX
Clint Duncan and Matt Phillips, along with James D'Argenio and Chang Liu from CBRE, represented the Bascom Group as brokers in this deal. Their expertise and negotiation skills were crucial in facilitating the successful transaction.
On the Map
MultiFamily
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Players
Houston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93