A joint venture between Bascom Arizona Ventures LLC and Rockwood Capital Partnership recently purchased a 582-unit apartment community known as the Tiburon Apartments in Mesa, Ariz.

The value of the transaction was $18.5 million.

FEIGA/Tiburon L.P., a Delaware Limited Partnership, sold the property.

The Tiburon Apartments, located at 901 South Country Club Road, were built in 1987 by PF West Development. The community is comprised of 26 three-story buildings, a clubhouse, barbecue areas and a playground. Additionally there is parking available that includes 582 carports and 328 open spaces for a total of 910 parking spaces. Tiburon possesses mature landscaping and sprawling courtyards. There are six different floor plans that range from 418-square-foot studio units up to the 759-square-foot, 2-bedroom/1-bath units.

The grounds are spread over 17.8 scenic acres featuring a large two-story clubhouse, which includes the leasing offices, a laundry room with 28 washers/dryers, two racquetball courts, utility storage areas and a social room with kitchenette on the first floor. The second floor features a balcony overlooking the social room, two private offices, and an exercise room. The community also includes two swimming pools, a Jacuzzi, jogging trail, sports courts, and fitness center.

Irvine, Calif.-based Bascom Group LLC is an active buyer of multifamily properties throughout California, Hawaii, Arizona, Utah and the Pacific Northwest.


What’s your opinion? Send your Letter to the Editor to opinion@inman.com.

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
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
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