Jefferson Stonebriar is a newly built 424-unit class-A multifamily community.
FRISCO, TX—Frisco has recorded record-setting population and economic expansion, with the population increasing 30% during the past five years and projected to increase another 25% during the same period. Recently, the Bascom Group LLC acquired Jefferson Stonebriar, a newly built 424-unit class-A multifamily community located in this high-growth city. Bascom acquired the property from the developer, JPI.
The purchase price was undisclosed. Debt financing was arranged by Tip Strickland and Braden Harmon of Berkeley Point Capital. Brian Murphy and Richard Furr of ARA represented the seller in the sale. James D'Argenio and Chang Liu sourced and managed the acquisition for Bascom.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
