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LAS VEGAS — The Bascom Group has purchased the 252-unit Spectrum Apartments in Las Vegas for $38.3 million. The community is located at 9242 W. Russell Road.
Spectrum was built in 2010. The property is near Spring Valley, Summerlin and Rhodes Ranch, with easy access to the 215 Beltway.
Patrick Sauter and Art Carll of NAI Vegas executed the transaction. HFF’s Charles Halladay and Jamie Kline arranged a $27.3 million acquisition loan through Lincoln Benefit Life Company.