US-based private equity firm Bascom Group subsidiary Bascom Arizona Ventures has acquired Tempe, Arizona's Dolce Villaggio Townhomes, multifamily property, for USD 11.5m, the company said.
The purchase follows Bascom's recent acquisition of Tempo at McClintock Station Apartments located near Arizona State University. Tempo is a mid-rise multifamily property consisting of 423 residential units and one retail unit in Tempe, Arizona. The price was USD 89.2m.
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