The Bascom Group and Spirit Investment Partners have closed on a collection of 198 luxury apartment units in suburban Maryland that are part of a converted condo development.
Irvine, CA-based Bascom and its Stamford, CT-based partner Spirit paid $41 million, or about $207,000 per unit, for a portion of the Tribeca at Camp Springs apartment community, located about 10 miles south of Washington.
Located at 4701 Old Soper Rd. in Camp Springs, MD…