Bascom Group continues Las Vegas acquisitions

The Bascom Group has acquired a 93-unit single-family rental community within a broader housing district in Las Vegas, Nev.

The property, Suncrest Townhomes, consists of zero-lot-line paired single-family homes in North Las Vegas. Bascom purchased the 93-unit, single-family portfolio for $24.75 million, or $266,129 per unit.

Tom Gilfillan, Bascom’s acquisitions manager, stated, “Suncrest Townhomes represents a great opportunity for Bascom to continue our expansion into the single-family rental space. Demand for single family home rentals exploded during 2020 as residents sought more space amid a competitive single family home market with historically low for-sale inventory. Suncrest’s expansive floorplans and peaceful neighborhood will provide residents and their families a unique single family community experience in one of the fastest growing markets in the country.”

Suncrest Townhomes is located in North Las Vegas, an area experiencing revitalization