(Read more on the multifamily market.)
SANDY SPRINGS, GA-Irvine, CA-based the Bascom Group has acquired the 308-unit Mission at Sandy Springs apartment community at 5555 Roswell Rd. NE. The seller of the property was Mission Residential.
The acquisition price was not released, but earlier this year, the company acquired the 532-unit Dunwoody Club apartment complex at 7700 Colquitt Rd. in Sandy Springs for $48 million, or $90,226 per unit, as GlobeSt.com previously reported.
Chad Sanderson and Paul Zakhary, of Bascom, represented the company in the latest transaction. Atlanta-based Ram Partners LLC will provide property management services. Debt and equity financing was arranged by Robert LaChapelle, Matthew Forgione, Brian Eisendrath and Troy Tegeler, of CBRE Melody.
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