The Bascom Group LLC has purchased a 257-unit apartment complex in Rancho Palos Verdes for $127 million, expanding the Orange County private equity firm’s Southern California portfolio.

Irvine-based Bascom Group acquired the 257-unit Highridge Apartments for $127 million, or $494,000 per unit. The property is ...

The Bascom Group has picked up a 257-unit apartment complex in Rancho Palos Verdes for $127 million, with plans to renovate.

The Bascom Group has acquired Highridge Apartments, a 257-unit value-add community in the coastal town of Ranchos Palos Verdes, Calif. The property traded for $127 million, or $494,163 per unit.

The Bascom Group Rancho Palos Verdes apartments Los Angeles Orange County Highridge Apartments San Mateo Essex Property Trust ...

The Bascom Group purchased a 257-unit apartment complex in Rancho Palos Verdes for $127M. The Irvine-based private equity ...

“Highridge Apartments is located in a highly competitive market with one of the tightest vacancy rates in all of Los Angeles County,” Chad Sanderson, senior principal at Bascom, said in a statement.

IRVINE, Calif., March 3, 2025 /PRNewswire/ -- The Bascom Group, LLC ("Bascom") has acquired Highridge Apartments, an irreplaceable 257-unit value-add apartment community in the highly desirable ...