FRISCO, TEXAS — California-based investment firm Bascom Group has sold Capitol at Stonebriar, a 424-unit apartment community in Frisco. Developed in 2017 by JPI and acquired by Bascom Group shortly thereafter, Capitol at Stonebriar features one-, two- and three-bedroom units that are furnished with granite/quartz countertops, espresso cabinetry, kitchen islands and individual washers and dryers. Private balconies are available in select residences. Amenities include a pool, fitness center, business center, coffee bar, dog park, outdoor grilling and dining stations, clubroom and an indoor-outdoor lounge. Brian Murphy, Brian O’Boyle Jr. and Richard Furr of Newmark represented Bascom Group in the transaction. David Schwarz, also with Newmark, arranged acquisition financing on behalf of the undisclosed buyer. The property was 91 percent occupied at the time of sale.
Newmark also represented Bascon Group in its 2018 acquisition of Capitol at Stonebriar, a 424-unit apartment community in Frisco that at the time was known as Jefferson Stonebriar.
Bascom Group Sells 424-Unit Apartment Community in Frisco
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