US EditionBascom Group Buys Value-Add Apartment Community in Rancho Palos Verdes, California for $127M
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Bascom Group Buys Value-Add Apartment Community in Rancho Palos Verdes, California for $127M
RANCHO PALOS VERDES, CALIF. — The Bascom Group has acquired Highridge Apartments, a value-add multifamily property in Ranchos Palos Verdes, for $127 million, or $494,163 per unit. Built in 1972, Highridge Apartments has undergone significant upgrades and renovations over the years, including the addition of in-unit washers/dryers and enhanced amenities. The community features 257 apartments, averaging 1,157 square feet, as well as 28 loft-style …
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