The Bascom Group Acquires Property At 2800 Tranquility Lake Estates Boulevard With Matthew Phillips As Seller's Representative

The property involved in this transaction is located at 2800 Tranquility Lake Estates BLVD, Texas. It includes a multifamily asset that is part of a larger portfolio involving two properties totaling 602 units in the Houston area. The properties were built in 2002 and 2004 and consist of one-, two-, and three-bedroom units.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not disclosed
• Address: 2800 Tranquility Lake Estates BLVD, Texas
• Buyer: The Bascom Group
• Buyer's Representative: Chang Liu, James D’Argenio - The Bascom Group
• Seller's Representative: Matthew Phillips - Bussel Realty

This transaction was facilitated by Clint Duncan and Matt Phillips of CBRE, who represented the undisclosed seller. Additionally, Michael Thompson and Travis Fincher of CBRE arranged acquisition financing through a fund backed by Oaktree Capital.