LAS VEGAS, NV – The Bascom Group has bought a 93-unit Single-Family Rental community within a broader housing district in Las Vegas, Nevada. The property, Suncrest Townhomes, consists of zero lot-line paired single-family homes in North Las Vegas. Bascom bought the 93-unit single-family portfolio for $24,750,000 or $266,129 per unit. Rialto Capital Management provided the debt financing for the acquisition and was arranged by Vincent Punzi, Lowell Takahashi, and Jack Hunsicker with Berkadia. Apartment Management Consultants (AMC) will provide property management services and interior renovations.
Bascom’s Acquisitions Manager, Tom Gilfillan, stated “Suncrest Townhomes represents a fantastic opportunity for Bascom to continue our expansion into the single-family rental space. Demand for single family home rentals exploded during 2020 as residents sought more space amid a competitive single family home market with historically low for-sale inventory. Suncrest’s expansive floorplans and peaceful neighborhood will provide residents and their families a unique single family community experience in one of the fastest growing markets in the country.”
Suncrest Townhomes is located in North Las Vegas, an area experiencing revitalization due to the rapidly growing Las Vegas economy. The property’s proximity to the burgeoning Downtown Las Vegas district allows convenient access to retail, entertainment, dining, and major employment centers throughout the Las Vegas metro. Bascom plans to modernize the existing interiors and implement operational efficiencies at Suncrest, while strengthening its portfolio in the Las Vegas market. Las Vegas’ affordable, lower density housing, pro-business environment, no state taxes, and tourist rebound since the pandemic have made the city one of the strongest apartment markets in the country.
Bascom’s Senior Principal of Operations, Paul Zakhary, added, “The tremendous value-add potential, exceptionally large floorplans, and silent cul-de-sac neighborhood separates Suncrest from other rental properties in the area. We see this buy as a fantastic opportunity to provide best-in-class improvements to the property, while still offering residents an attractive and affordable place to live.”
The Bascom Group recently bought a value add, three-property 390-unit multifamily portfolio in Las Vegas for $72 million. The Bascom Group has been the most active apartment buyer in Las Vegas since its first acquisition in 2013, partnering with institutional and private capital. Following the 15-property portfolio acquisition from Camden Property Trust in 2016, The Bascom Group became the largest apartment owner in Las Vegas with 29 properties representing 8,915 units and $1.2 billion in total capitalization. Prior to the pandemic, The Bascom Group sold 19 properties totaling 5,798 units and over $1.0 billion in sales price. Over the past year, The Bascom Group has completed over $778.9 millionin multifamily transactions across its national portfolio.

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PORTLAND, OR – Pathfinder Partners, a San Diego-based private equity firm specializing in multifamily real estate investments, announced the acquisition of East of Eleven Apartments in Portland, Oregon for $22.3 million. The investment was made from Pathfinder Partners Opportunity Fund VIII, L.P. (Fund VIII), raised in 2020 to make opportunistic multifamily investments resulting from the pandemic.
East of Eleven is an 84-unit, mid-rise property built in 2019. The property is in the desirable Buckman submarket, known for its tree-lined streets, eclectic shops, and trendy bars and restaurants. While distressed because of high vacancy during the pandemic, leasing activity has accelerated during the past several months, with occupancy approaching 85%.
We believe properties like East of Eleven provide an brilliant long-term opportunity well suited for our Fund VIII portfolio, said Mitch Siegler, Co-Founder and Managing Director of Pathfinder. This is a sought after, high-energy, vibrant neighborhood, combined with superior amenities, providing tenants the conveniences they desire while offering our investors exposure to recovering markets in a post-pandemic environment.
East of Eleven s amenities include subterranean parking, an elevator, an indoor/outdoor community room, bike storage room, pet wash station and secure access, among others. The units feature quartz countertops, vinyl plank flooring, stainless steel appliances, high-end washer/dryers, and air conditioning, an uncommon feature in most Portland multifamily apartments.
In addition to Portland, Fund VIII invests in Seattle, Sacramento, San Diego/Southern California, Phoenix and Denver.

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ATLANTA, GA – 37th Parallel Properties announced the acquisition of Parkside Vista, a 240-unit, 2007-built multifamily asset located in Atlanta, GA on behalf of their investors and joint venture partner, Apta Properties. With this acquisition, 37th Parallel has bought over 500 units representing over $100 million in value in the Atlanta MSA in the last twelve months.
“We are excited to add Parkside Vista to our growing portfolio, a quality asset in one of the most transformational nodes in Atlanta,” said Dan Chamberlain, Managing Partner. “Atlanta’s affordable, pro-business environment has driven significant job and population growth alongside industry diversification. The property is located near 285 and I-85 North East in the I-85 corridor, a booming economic corridor that has been the leader in population and employment growth in the Atlanta MSA for the past decade. Additionally, roughly three miles south of the property is Assembly Yards, a multi-billion dollar, 165-acre mixed-use redevelopment that should spur continued growth in Northeast Atlanta,” says Chamberlain.
The property benefits from simple access to several of the region’s most powerful economic drivers, such as Perimeter Center (36 million sq ft office), Buckhead (21 million sq ft office), Century Center (2 million sq ft office), and Emory / CDC (40,500 jobs). The property features a mix of one-, two-, and three-bedroom units with large floorplans averaging 1,103 square feet. Apartment and community amenities include nine-foot ceilings, balconies, a state-of-the-art fitness center, and a large saltwater swimming pool.
“Parkside Vista is located in an outstanding, high barrier-to-entry suburban submarket whose growth has only accelerated since the onset of the pandemic,” said Doug Fraser, who manages the acquisition efforts for the firm. “The supply-demand fundamentals in the submarket remain stellar, with only one multifamily asset under construction within a 6.5-mile radius of the property, paired with one of the lowest submarket vacancy rates in the metro. This supply-demand imbalance has resulted in 12.7% submarket rent growth over the last 12 months, accelerating our original business plot,” says Fraser.

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