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July 01, 2020  

Ariz. Apartment Portfolio on Block

Bascom Group is marketing three Arizona apartment properties worth about $120 million to value-added investors.The 812-unit portfolio includes two garden-style complexes in Tucson and one in Sierra Vista. The estimated valuation works out to $148,000/unit. Bascom, an Irvine, Calif., multi-family shop, gave the listing to Marcus & Millichap’s Institutional Property Advisors group.The properties were developed from 2001 to 2008. The pitch is...

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