GRAND PRAIRIE—Irvine, CA-based The Bascom Group LLC has acquired Towns of Riverside, a 436-unit multifamily community in Grand Prairie.
Brian Murphy and Brian O'Boyle Jr. of ARA Newmark represented the seller in the transaction.
Built in 1999, the property consists of 59 residential buildings and one stand-alone leasing center is spread across 54 acres. The unit mix is comprised of 52 percent one-bedroom units, 40 percent two-bedroom units, and 8 percent three-bedroom units; 39 percent of the 436 units provide direct access garages and 28 percent are townhome-style apartment homes, offering a diverse set of floor plans for young professionals, singles, and families.
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