LOS ANGELES, CA – Bascom Northwest Ventures announced the sale of Tempo at Riverpark Apartments. The 235-unit property was sold by a Bascom affiliated venture for $105,000,000 to a venture led by Hines. Tempo at Riverpark is located less than a mile from the Pacific Ocean in Oxnard, California and just outside Los Angeles.
Bascom Value Added Apartment Investors Fund IV (“Fund IV”), an affiliate of The Bascom Group, LLC, and a private investment group led by Bascom Northwest bought property for $75,250,000 in 2018. Brian Wirtz, Managing Director of Bascom Northwest, helped throughout the investment execution process.
Oxnard is less than an hour’s drive from Downtown Los Angeles and only minutes’ drive to the Pacific Ocean. Located between Thousand Oaks and Ventura, Oxnard has established itself as a premier upscale coastal beach town in Ventura County. With its pristine beaches, unbeatable weather, charming Channel Islands Harbor, and captivating Victorian-era architecture, Oxnard offers a diverse range of breathtaking sights that span from the ocean to the mountains.
Tempo at Riverpark is a 235-unit apartment community located in Oxnard, California. This class “A” suburban multifamily community spans approximately 6.14 acres, offers spacious floor plans averaging 955 square feet, and is accompanied by luxurious interior finishes such as in-unit laundry, stainless steel appliances, custom sliding barn doors, large bedrooms with spacious open floor plans, balconies or patios, and much more. Amenities include an outdoor pool and spa, poolside cabanas, outdoor BBQ area, and fireplace, 24/7 fitness center, yoga/spinning room, and attached garages.
The rental community is located adjacent to The Collection at RiverPark, with a California Coastal blend of retail stores, restaurants, cafes, grocery, and outdoor spaces anchored by Whole Foods Market, REI, 16-screen Cinemark movie theater, Bowlero and over 30 food and beverage options. Tempo at Riverpark was developed and constructed by the Wolff Company in 2015. It consists of 105 one-bedroom one bath units at 804 square feet, 118 two-bedroom two bath units at 1,036-1,065 square feet, and 12 three-bedroom two bath units at 1,270 square feet.
This combination of Oxnard’s intrinsics and property upgrades totaling $1 million set the stage for a successful investment execution by Bascom Northwest. Apartment Management Consultants (“AMC”) managed the community for Bascom over the holding period. Both parties were represented in the sale by Blake Rogers, Alex Caniglia, and Kip Malo at JLL.

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NEW ORLEANS, LA – Lincoln Avenue Communities (LAC), a mission-driven acquirer and developer of affordable housing, broke ground on NSA East Bank Apartments, a landmark adaptive-reuse development that will transform a decommissioned naval base into 294 affordable housing units and 30,000 square feet of ground-floor retail in New Orleans’ Bywater neighborhood.
NSA East Bank Apartments will serve as the residential anchor of a landmark rehabilitation of the Naval Support Activity (NSA) complex, which has sat vacant since 2011. The multiphase development will include the NewLab innovation hub—a cutting-edge facility dedicated to advancing energy industry breakthroughs and tech startup growth—and future phases including the Railyard Marketplace and a riverfront estuary park.
“This project will be transformative for the Bywater community and will bring new life to these historically significant buildings,” said David Garcia, LAC Vice President and Project Partner. “LAC is proud to play a role in preserving the architectural heritage of New Orleans while making sorely needed affordable housing for local families.”
NSA East Bank Apartments will feature 1-, 2-, and 3-bedroom units serving families earning between 20% and 60% of Area Median Income (AMI), including 74 Project-Based Voucher (PBV) units. Resident amenities include a rooftop pool and clubhouse, first-floor community space, outdoor play structures, dog park, pet wash station and bike storage. The development will achieve Enterprise Green Communities Certification (LEED equivalent) and feature a rooftop solar array that will offset a part of common-area electricity, reducing both environmental impact and operating costs.
NSA East Bank Apartments builds on LAC’s successful track record of historic rehabilitation projects in New Orleans, following the recent completion of the $35 million rehabilitation of the century-ancient Tivoli Place Apartments. The Tivoli Place project, LAC’s first rehabilitation in Louisiana, demonstrated the developer’s commitment to protecting the city’s historic past while delivering high-quality affordable housing.
NSA East Bank Apartments was designated a priority project by the U.S. Department of Housing and Urban Development (HUD). The project received overwhelming support from the City of New Orleans and the State of Louisiana, whose commitment was essential to making this complex undertaking possible.
The landmark NSA complex dates to June 1919, when the U.S. Army Quartermaster Corps constructed a 1.5 million-square-foot logistics center on the East Bank of the Mississippi River. The complex comprises three six-tale buildings, each covering over 84,000 square feet, and is listed on the National Register of Historic Places for its crucial role in supporting military logistics during both World Wars.
LAC was joined at the groundbreaking ceremony by local leaders and elected officials, as well as development partners and representatives from J.P. Morgan, Capital One, Boston Financial, Stonehenge Capital, Customers Bank and Raymond James, each of which helped finance the new development.
“Through historic tax credit equity, bridge financing and strong public-private collaboration, we’re proud to support the revitalization of NSA East Bank — preserving New Orleans’ heritage and building a brighter future for its residents,” said Tim Karp, Managing Director, J.P. Morgan Community Development Banking. “By transforming a long-dormant historic site into a thriving district, NSA East Bank is making affordable housing and lasting opportunities for the people of New Orleans.”
“Housing is the cornerstone of economic opportunity, and Capital One is proud of our track record as a top community development lender, ” said Dan Miller, Community Finance Capital Officer at Capital One. “We are proud of our partnership with Lincoln Avenue Communities and their commitment to empowering people throughout the region. The groundbreaking of NSA East Bank is a testament to how local leaders, public, and private partners can come together to deliver not just housing, but lasting opportunities for families and communities to thrive.”
The project, which fosters continuity and sense of place within the Marigny and Bywater districts, is part of a broader vision to make a mixed-use campus that will serve as an innovative economic catalyst for both the city and the region. Construction will start immediately, with substantial completion anticipated in September 2027.

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FORT WORTH, TX – The NRP Group, a vertically integrated, best-in-class developer, builder and manager of multifamily housing, announced the completion and grand opening of Thrive on Crawford, a 67-unit mixed-income development in Fort Worth, Texas. The majority of homes are reserved for families earning 30%, 50% and 60% of the Area Median Income (AMI), with seven market-rate units available. The development integrates high‑quality housing with access to essential health services to improve long‑term outcomes for residents. The development includes 2,200 square feet of Class‑A commercial space leased to JPS Health Network.
Thrive on Crawford was designed to go beyond traditional affordable housing – integrating wellness services, quality amenities and convenient access to healthcare into a single community, said Max Whipple, Vice President of Development at The NRP Group. As our first Health and Housing development in Texas, this development reflects The NRP Group s commitment to delivering thoughtful, high-quality housing in high-opportune cities.
Located at 1310 Crawford Street, adjacent to a key site in JPS Health Network s $2.1 billion bond program expansion, Thrive on Crawford is part of a broader vision to enhance healthcare services across Tarrant County. The new community provides essential housing options for healthcare workers, young professionals and families, offering an urban lifestyle close to boutique shops, restaurants and entertainment along Magnolia Avenue with direct access to I-35W.
“Thrive on Crawford is a prime example of how healthcare can extend beyond traditional clinical settings to address the determinants of health, said Karen Duncan, MD, MBA, President and Chief Executive Officer at JPS Health Network. Our partnership with The NRP Group demonstrates what is possible when healthcare systems and developers come together to build healthier communities.
The development features one-, two- and three-bedroom apartments with high-end finishes, accompanied by modern cabinetry and private patios with storage units. Amenities include a business center with individual work pods, 24-hour fitness center, luxurious lounge center with a cafe, communal laundry facility and an outdoor playground. Thrive on Crawford also offers comprehensive resident service programs onsite, including adult literacy workshops, financial training and youth afterschool and summer programs.
As housing and health become increasingly connected, developments like Thrive on Crawford play a critical role in enhancing the well-being of Tarrant County residents, said Dustin Austin, Board Chair of the Tarrant County Hospital District Public Facility Corporation. This community was built on the premise that affordable housing is foundational to healthier, more resilient communities and offers a unique opportunity for healthcare providers to engage directly with residents to support their overall well‑being.
Project financing was provided by J.P. Morgan Chase and Berkadia, along with a tax credit equity investment through an investment fund managed by Red Stone Equity Partners. Additional financing was provided by the Near Southside Financing Zone TIF and Texas Department of Housing and Community Affairs. Wynne Jackson and Servitas helped co-develop the community
Thrive on Crawford is raising the bar on community redevelopment by providing housing, health services and opportunities to families in Tarrant County,” said Annette Reschke, Executive Director of J.P. Morgan Community Development Banking. “We are proud to support this vision, ensuring residents have access to affordable housing and vital healthcare services in a community designed for long-term success.
This health and housing collaboration not only allows JPS and other local healthcare professionals the opportunity to live within the communities they serve, but also provides residents with immediate access to vital services such as primary care, pediatric, behavioral health, orthopedics, cardiology and oncology.
Thrive on Crawford marks The NRP Group s fourth Health and Housing development. The Dallas metro area remains a priority market for The NRP Group. The firm has developed over 6,000 units across 27 properties in the region and previously broke ground on a new affordable housing development, The Fielder, in Mesquite.

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