{"id":1004116412,"date":"2015-03-27T14:23:13","date_gmt":"2015-03-27T22:23:13","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=336184"},"modified":"2022-12-08T09:54:43","modified_gmt":"2022-12-08T17:54:43","slug":"bascom-group-carlyle-realty-jv-buys-mf-asset-in-emeryville","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/bascom-group-carlyle-realty-jv-buys-mf-asset-in-emeryville\/","title":{"rendered":"Bascom Group, Carlyle Realty JV Buys MF Asset in Emeryville"},"content":{"rendered":"

By Alex Girda, Associate Editor<\/em><\/p>\n

A joint venture of the Bascom Group and affiliates of Carlyle Realty Partners recently paid $45.1 million for Bridgecourt Apartments, a 220-unit Class A residential community in Emeryville. Colliers International\u2019s Stephen Jackson and Mark Feldman arranged the deal, for which CBRE Capital Markets secured a $40.6 million acquisition loan from California Bank & Trust.<\/p>\n

\"\"<\/a>The new ownership is counting on the appeal of both Emeryville and the apartment community itself to a younger demographic. Located at 1325 40th Street, Bridgecourt offers a variety of retail options, competitive rental prices and convenient access to Bay Area destinations via public transportation.<\/p>\n

The employment centers of San Francisco, San Jose, Oakland and Berkeley are nearby, making the community attractive to young professionals. Of note, Pixar Animation Studios is headquartered in Emeryville itself.<\/p>\n

Bascom and Carlyle are planning upgrades to the 17-year-old property, including new lighting and appliances, that are intended to add value, Lee Nguyen, senior vice president at Bascom, said in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bridgecourt Apartments in Emeryville was recently acquired by a joint venture of The Bascom Group and funds managed by Carlyle Realty Partners. The buyer paid a total of $45.1 million for the asset in a deal arranged by Stephen Jackson and Mark J. Feldman of Colliers International. CBRE Capital Markets provided a $40.6 million loan through California Bank & Trust, with the funds being used in the transaction.<\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1609],"tags":[],"class_list":["post-1004116412","post","type-post","status-publish","format-standard","hentry","category-latest","category-san-francisco"],"acf":[],"yoast_head":"\nBascom Group, Carlyle Realty JV Buys MF Asset in Emeryville - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/bascom-group-carlyle-realty-jv-buys-mf-asset-in-emeryville\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bascom Group, Carlyle Realty JV Buys MF Asset in Emeryville\" \/>\n<meta property=\"og:description\" content=\"Bridgecourt Apartments in Emeryville was recently acquired by a joint venture of The Bascom Group and funds managed by Carlyle Realty Partners. 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