HENDERSON, NV—The $300 million venture between The Bascom Group, LLC and funds managed by Oaktree Capital Management, L.P. has acquired Villa Serena, a 288-unit apartment property located at 325 North Gibson Road, Henderson. The sale closed on Tuesday. Los Angeles-based Mesa West Capital provided financing to acquire the property. The debt financing was sourced by Brian Eisendrath and Brandon Smith of CBRE Capital Markets. Spencer Ballif and Jeffrey Swinger of CBRE represented the seller on the transaction.

This is the seventh multifamily acquisition for the Venture. The Bascom-Oaktree venture was launched in March 2014 with its first acquisition of The Springs Apartments, a 320-unit garden style community in Corona, CA. Since then, the partnership venture has acquired six properties across the U.S., including Arizona, Florida, Georgia, Nevada and Texas.

Villa Serena was built in 1996 in the highly-desirable city of Henderson in the Las Vegas metro. The property is located near several retail amenities and employers, including Union Village, a 155-acre site that is classified as the first integrated health village in the world. Union Village will offer a world-class hospital complex and health center, a residential, entertainment and specialty retail space, a vibrant senior retirement community, and a civic and cultural arts center integrated into a master-planned community. Other nearby retail amenities include the 1.3 million square foot Galleria Mall and the District at Green Valley Ranch, a 29-acre luxury shopping center.