/PRNewswire/ Ascentris, a Denver-based real estate private equity firm, and Harbor Associates, a Southern California-based office operator announced today.
NEWPORT BEACH, CA - A joint venture between Village Partners Ventures of Newport Beach, California and The Bascom Group of Irvine, California has closed on a construction loan and six acre land acquisition for a mixed-use project at 5050 Arrow Highway, Montclair, California.
JLL s capital markets team in Newport Beach, led by Mark Erland and Matt Benson, secured a $77 million construction loan from Citizens of Providence, Rhode Island for construction of the project. The land purchase price.
ORLANDO, FL - The Bascom Group has acquired a 320-unit apartment community within the Orlando MSA in Florida. The property, Enclave at Lake Ellenor, was acquired for $68,500,000 or $214,06 per unit through a partnership with East Hill Capital s Duff Bedrosian and Leste Group, a Miami based investment manager. Enclave is the second property acquired by Bascom in partnership with East Hill Capital and Leste Group. Starwood Property Trust provided the debt financing for the acquisition and was.