THE BASCOM GROUP ACQUIRES 294-UNIT NEWLY BUILT CLASS A APARTMENT COMMUNITY IN LAS VEGAS, NEVADA FOR $103 MILLION
Irvine, California, United States, 13th Apr 2026 – The Bascom Group, LLC (“Bascom”) has acquired The Ellison, a 294-unit apartment community located at 9235 West Russell Road in the Summerlin/Spring Valley submarket of Las Vegas, Nevada. The purchase price was $103,000,000, or $350,340 per unit. Lee Redmond, Nicholas Schroeder, Vincent Punzi, and Lowell Takahashi of Newmark arranged the debt financing for the acquisition, while AXA Investment Managers US Inc. provided the acquisition loan. The Newmark Investment Sales team led by Jonathan Merhaut, Doug Schuster, and Curt Allsop represented the seller on the transaction. Cushman & Wakefield has been engaged as property manager for the community.
Completed in 2024, The Ellison is a premier Class A five-story apartment community offeri...
