Bascom Group, Oaktree Buy Villa Serena in Las Vegas

by Nellie Day

LAS VEGAS — The 288-unit Villa Serena apartment complex in the Las Vegas submarket of Henderson has sold to a joint venture between the Bascom Group and funds managed by Oaktree Capital Management for an undisclosed sum. The community is located at 325 North Gibson Road.

Villa Serena was built in 1996. It is located near Union Village, a 155-acre site that is classified as the first integrated health village in the world.

Mesa West Capital provided financing to acquire the property. The debt financing was sourced by Brian Eisendrath and Brandon Smith of CBRE Capital Markets. Spencer Ballif and Jeffrey Swinger of CBRE represented the unnamed seller on the transaction.

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