Bascom Group acquires 344-unit multifamily property in New Mexico
Transactions - JANUARY 19, 2024

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Bascom Group acquires 344-unit multifamily property in New Mexico

by Denise Moose

The Bascom Group announced the acquisition of the Overlook Apartments, a 1988-built, 344-unit garden-style multifamily property located at 6200 Eubank Blvd. in Albuquerque. Northmarq arranged the debt financing for the acquisition with TPG Real Estate Finance Trust as the lender. The seller was represented by Northmarq.

Located in the Northeast Heights submarket of Albuquerque, The Overlook offers residents a low-density garden style community with a unit mix of one- and two-bedroom units. Community amenities include two large swimming pools and spas, dog park, resident clubhouse, business center, fitness center and barbecue areas. The property has nearby public schools and is in proximity to retailers like Whole Foods, Trader Joes and Target. The property is also near major employment drivers including Netflix Studios, Intel Corporation, Sandia National Labs and the University of New Mexico.

“The Overlook has been well-maintained while demonstrating consistent renta

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