The Bascom Group has acquired Castlewood Park Apartments in Buena Park. The apartment community has 183 units spread across 8.7 acres. The company plans to renovate the property and enhance its amenities.
The Bascom Group Acquires Castlewood Park Apartments
The Bascom Group has completed its $53.125 million acquisition of Castlewood Park Apartments. The community is located in one of Southern California’s most active housing markets. This continues Bascom’s investment activity, despite a slower apartment real estate market.
Castlewood Park Apartments was built in 1963 and spans 8.7 acres. This is Bascom’s third apartment purchase of 2026. It follows purchases in Las Vegas and Tucson.
The company has acquired 13 apartment buildings since 2022. That is when interest rates began rising. Together, these buildings total more than 3,200 units. Castlewood Park Apartments adds to that count…