|
|
9/18/26
|
The Bascom Group LLC has acquired the Jasmine Apartments, a 370-unit multifamily community located in North Dallas near the Richardson city line. Originally constructed in the 1980s, the property was foreclosed on by its lender in 2025. The purchase of Jasmine marks Bascom’s 42nd Texas acquisition.
Located at 13450 Esperanza Rd, on Esperanza Road near the Coit Road and Spring Valley Road corridors, Jasmine benefits from a rare combination of connectivity, school quality, and lifestyle amenities. The location gives residents rapid access to the Galleria, the Telecom Corridor, Medical City, North Dallas, and the broader Far North Dallas area, making the property an attractive option for residents working throughout the metro.
The property falls within Richardson ISD, a district widely recognized for strong academic performance and consistently ranked among the top public-school systems in North Texas. The community is surrounded by well-established retail nodes along the Coit Road and Spring Valley Road corridor, including grocery-anchored centers such as Spring Valley Crossing and Northwood Hills Village, along with a wide mix of restaurants, pharmacies, and convenience retailers.
Taylor Snoddy and Eric Stockley of Northmarq’s Dallas investment sales team represented the lender seller in this deal. MORE Capital, an affiliate of Morgan Properties, provided the debt financing for the acquisition, which was arranged by Joe Giordani, Scott Botsford, Brendan Golding, and Alvin Cao with Northmarq’s capital markets team. RPM Living will be the property manager and SD-Cap will be the construction manager. James D’Argenio and Chang Liu sourced and managed the acquisition for Bascom.
|
|
 Return to the previous page
|
|
|
|
|
Printer-friendly Version
Email an Associate
