Grand Prairie 436-unit Towns of Riverside sold to BascomGrand Prairie 436-unit Towns of Riverside sold to Bascomhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=82015-08-25T05:00:00Z2015-08-25T21:00:00Z​​GRAND PRAIRIE – The Bascom Group LLC of California has acquired Towns of Riverside, a 436-unit multifamily community.

Built in 1999, Towns of Riverside consists of 559 residential buildings and one stand-alone leasing center spread across 54 acres. Fifty-two percent of the property is one-bedroom units, 40 percent two-bedroom units and 8 percent three-bedroom units.

Thirty-nine percent have direct-access garages, and 28 percent are townhome-style apartments.

Amenities include a clubhouse, media lounge, fitness center, pool and spa, volleyball court, tennis court, basketball court and a fishing pier overlooking the community lake.

ARA Newmark represented the seller. Debt financing was arranged by Newmark Grubb Knight Frank.
Dallas-Fort Worth-Arlington
http://www.globest.com/news/12_1181/dallas/multifamily/Bascom-Group-Acquires-GP-MF-Community-361004-1.htmlSource: {Source}

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