Vegas-Area Multifamily Trades

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.