The Bascom Group has acquired Texan 26, a 53-unit student housing community located at 1009 West 26th Street near the University of Texas at Austin. The property will undergo upgrades and be managed by Asset Living.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: Not specified
• Units: 53
• Beds: 204
• Address: 1009 West 26th Street
• Market: Austin

The buyer, Derek Chen from The Bascom Group, acquired Texan 26 with the assistance of Chang Liu and James D’Argenio from The Bascom Group as their representatives. The seller, Thierry Keable from Article Student Living, was represented by Richard Waterhouse and Tyler Marshall from Matthews Real Estate Investment Services. The acquisition financing for the transaction was provided by Bridge Investment Group, with mortgage brokers Benjamin Roelke, Ian Walker, and Trent Houchin from Newmark involved in the process.