A joint venture between Bascom Arizona Ventures LLC and Rockwood Capital Partnership recently purchased a 461-unit apartment community known as the Wyndham Park Apartments in Phoenix, Ariz.

The value of the transaction was $13 million.

Wyndham Park Apartments, located at 5104 East Van Buren Ave., were built in 1983. The grounds are spread over 12.5 acres featuring a large clubhouse, a heated swimming pool, two Jacuzzis, two tennis courts, a fitness center, sand volleyball courts, sports courts, barbeque grills, jogging and fitness trail, and laundry facilities. The community is comprised of 23 two- and three-story buildings. Additionally there are 90 carports and 467 open parking spaces for a total of 557 parking spaces.

These 461 apartment homes consist of four different floor plans that range from 321-square-foot studio units up to the 924-square-foot 2-bedroom/1-bath units. Apartment homes at Wyndham Park include French doors to bedrooms, patios and balconies, and individual forced heating and air conditioning systems in all units. In addition, select units also include a breakfast bar and vaulted ceilings and skylights.

Madison Wyndham Park Apartments Associates LLC sold the property.

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
Thank you for subscribing to Morning Headlines.
Back to top
Inman Connect Black Friday Sale! Bundle our next two events or secure your 2021 All Access Pass.SEE THE DEALS×
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