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LAS VEGAS — Private equity firm The Bascom Group has acquired the 183-unit Boulder Palms Senior Apartments at 4350 Boulder Highway in Las Vegas for $10.4 million.
Debt financing was provided by One West Bank and arranged by Brian Eisendrath and Brandon Smith of CBRE Capital Markets. Doug Schuster and Vittal Ram of Newmark Grubb Knight Frank represented the seller on the transaction.
Boulder Palms is a two-story seniors housing community housing 183 units. Completed in 1997, the property covers over four acres.
Boulder Palms is Bascom’s eighth acquisition in the Las Vegas area over the last two years.