Bascom Group has paid $56.6 million, or $227,309/unit, for the 249-unit Old River Place apartment property in Bakersfield, Calif. The Irvine, Calif., investment manager purchased the property from a seller represented by The Mogharebi Group. TPG Real Estate Finance has provided financing, but details couldn’t be learned immediately. The property was built in 2011 at […]

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