LAS VEGAS-The Bascom Group, LLC has acquired the Eagle Crest Apartments, a 624-unit class-A garden style multifamily community. The property was listed and sold by Spencer Ballif of CBRE. The purchase price was not disclosed.

Debt financing, provided by OneWest Bank, was arranged by Brian Eisendrath and Troy Tegeler of CBRE Capital Markets. The transaction was overseen by Scott McClave and Dennis Lim from Bascom.

Built in two phases from 1996-97, the class-A property consists of 42 two-story buildings across 31 acres in the Northwest Las Vegas Submarket. The unit mix is comprised of 46% one-bedroom, 49% two-bedroom and 5% three-bedroom units with fully equipped kitchens, balconies or patios, 9-foot ceilings, and full-size washers and dryers. The property is ideally located in close proximity to numerous job centers and growth areas. The 354,000 square foot Centennial Hills Hospital is located less than three miles from Eagle Crest. The property has easy access to the I-95 and Hwy-215 beltway while being in close proximity to numerous retail centers.