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1/28/26
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Tempo at Riverpark Apartments, a 235-unit res community in Oxnard, was purchased by a Hines venture in a $105 mil ($447k/unit) transaction. The asset was sold by Bascom Northwest Ventures LLC-led partnership.
Tempo at Riverpark is located at 450 Forest Park Blvd, less than a mile from the Pacific Ocean. The property is situated between Thousand Oaks and Ventura, roughly an hour’s drive from Downtown Los Angeles.
Tempo at Riverpark was developed and constructed by the Wolff Company in 2015. It consists of 105 one-bedroom/one-bath units at 804 sf, 118 two-bedroom/two-bath units at 1.1k sf, and 12 three-bedroom/two-bath units of 1.3k sf.
Tempo at Riverpark sits on over six acres and offers spacious floor plans averaging 955 sf in size. Amenities include luxurious interior finishes such as in-unit laundry, stainless steel appliances, custom sliding barn doors, large bedrooms with spacious open floor plans, balconies or patios, and much more. Common area amenities include an outdoor pool and spa, poolside cabanas, outdoor BBQ area, and fireplace, 24/7 fitness center, yoga/spinning room, and attached garages.
The community is located adjacent to The Collection at RiverPark, with a California Coastal blend of retail stores, restaurants, cafes, grocery, and outdoor spaces anchored by Whole Foods Market, REI, 16-screen Cinemark movie theater, Bowlero and over 30 food and beverage options.
Oxnard has established itself as a premier upscale coastal beach town in Ventura County. With its pristine beaches, unbeatable weather, charming Channel Islands Harbor, and captivating Victorian-era architecture, Oxnard offers a diverse range of breathtaking sights that span from the ocean to the mountains.
Apartment Management Consultants managed the community for Bascom over the holding period. Both parties were represented in the sale by Blake Rogers, Alex Caniglia, and Kip Malo at JLL.
Bascom Value Added Apartment Investors Fund IV (“Fund IV”), an affiliate of The Bascom Group, LLC (“Bascom”), and a private investment group led by Bascom Northwest purchased property for $75.3 mil in 2018. Brian Wirtz, Managing Director of Bascom Northwest, assisted throughout the investment execution process.
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