Bascom Northwest Ventures, in a joint venture with developer William Wilson III, acquired the 240-unit Bellevue Pointe Apartments in Bellevue, Wash.

The property was purchased for $20.7 million.

Bellevue Pointe, constructed in 1979, was a former nursery, and the community is an oasis surrounded by several million square feet of office and retail space. It has a unit mix that consists of 17 percent studios at approximately 450 square feet, 30 percent 1-bedroom, 1-bath flats at 640 square feet, and 53 percent 2-bedroom units 820 to 880 square feet.

The seller of the property is a private family partnership, which had owned and managed the asset for more than 10 years.

Irvine, Calif.-based Bascom is an active buyer of multifamily properties throughout California and Hawaii. 


What’s your opinion? Send your Letter to the Editor to

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription