Bascom Buys 370-Unit, Value-Add Project Near Richardson
The Bascom Group acquired the Jasmine Apartments, a 1980-built 370-unit workforce multifamily community located in North Dallas near the Richardson city line. The Jasmine marks Bascom’s 42nd Texas acquisition.
The property was foreclosed on in 2025 by the lender and was marketed by Taylor Snoddy and Eric Stockley of Northmarq’s Dallas investment sales team. MORE Capital, an affiliate of Morgan Properties, provided the debt financing for the acquisition, which was arranged by Joe Giordani, Scott Botsford, Brendan Golding, and Alvin Cao with Northmarq’s capital markets team. RPM Living will be the property manager and SD-Cap will be the construction manager. James D’Argenio and Chang Liu sourced and managed the acquisition for Bascom.
Bascom’s Jason Hanna,comments, “Every renter deserves a quality home to live in with strong hospitality and community services. We are excited to partner with SD-Cap and RPM to physically enhance the community while adding to the existing services to improve the renter experience.”
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Brokers
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Remax Professionals
Re/Max Real Estate Professionals | New York
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout