Bascom Group Acquires 294-Unit Property in Las Vegas for $103 Million
The Bascom Group has acquired The Ellison, a 294-unit multifamily property in Las Vegas, for $103 million. The property, completed in 2024, is located in the Summerlin/Spring Valley submarket and was purchased at a price significantly below current construction costs. The acquisition highlights growing opportunities in the multifamily sector amid a surplus of new apartments.
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Topics: Las Vegas real estate multifamily housing property purchase real estate investment