The Bascom Group LLC, an Irvine, California-headquartered private equity firm, has acquired a 204-bed student housing community next to the University of Texas at Austin.
The property, called Texan 26, is a 204 bed, 53-unit community that was built in 2014. The off-market transaction marks the company’s 41st multifamily property acquisition in Texas; the financial terms of the deal were not disclosed.
“We are excited to acquire a property in such a vibrant student-housing market. With sizable institutional development activity in West Campus, Texan 26 offers students affordable housing options with all the neighborhood benefits,” said James D’Argenio, senior principal of acquisitions for Bascom.
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