Bascom buys multifamily paradise

Hawaiian apartments to get upgraded interiors, exteriors

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The Bascom Group bought The Palms of Kilani, a 106-unit apartment community in Wahiawa, Hawaii. The value of the transaction was $9.1 million. Fowler & Flanagan Garden Club Associates LLC was the seller of the property, which is located at 1060 Kilani Ave. Built in 1973, the apartment community consists of four 4-story buildings spread out over 3.1 acres, with two-, three- and four-bedroom apartments with an average size of 841 square feet. The new ownership plans improvements to the property, including upgraded unit interiors, building exteriors and landscaping. Honolulu-based Marcus & Associates Inc. will be providing construction management services, while California-based Commercial Services Building will participate in an advisory role. Irvine, Calif.-based The Bascom Group is an active buyer of multifamily properties throughout Southern California, the Central Valley and Hawaii. *** Send a Letter to the Editor for publication.Send a comment or news tip to our newsroom. Ple...