The Bascom Group in partnership with funds managed by Oaktree Capital Management has acquired The Strand, a 408-unit, newly built institutional-quality multifamily community located in the highly desirable submarket of West Sacramento, Calif.
The purchase price was $126 million, or $308,824 per unit.
Built in 2021 by MBK Rental Living, The Strand is a garden-style community with exceptional connectivity to Sacramento’s major economic drivers. The property is ideally situated within The Rivers community, a prestigious pocket of West Sacramento with $1 million-plus homes, river-adjacent walking trails and nearby retail. The Strand residents benefit from a unique combination of suburban living and a short 10-minute commute to the downtown urban core. The Strand’s 408 units are complemented by ample surface parking, which is extremely rare given its proximity to the urban core. The unit mix includes 7 percent junior one-bedroom, 34 percent one-bedroom, 51 percent two-b
