Bascom/Oaktree Finds Vantage Point

Henderson luxury community strikes the fancy of frequent partners Bacom and Oaktree.

A $300 million venture of The Bascom Group and affiliates of Oaktree Capital Management has acquired Vantage, a luxury residential community in Henderson, for around $38 million. The joint venture acquired the 110-unit property from Goodman Real Estate and property management duties are being handled by Pinnacle.

Located at 201 South Gibson Road,  the property also carries expansion potential; its four-acre site is entitled for additional multifamily development. Vantage has had a troubled history since beginning as a condominium project before its acquisition and completion by John Goodman in 2013.



Vantage’s amenity package includes a pool, cabanas, an infinity edge spa and a theater. Units average about 1,800 square feet in size and feature floor-to-ceiling windows, gourmet kitchens, and bathrooms with frameless glass and open showers. The unit mix consists of single-story flats as well as more expansive multi-level penthouses.

Guardian Life Insurance Company of America provided debt financing arranged by HFF, while the seller’s end of the transaction was handled by JLL representatives John P. Cunningham and Charles Steele.

According to real estate data provider Yardi Matrix, rents at Vantage average $2,556, considerably higher than rents at comparable properties in the area. The community is located near I-215, District at Green Valley Ranch, Galleria Mall and the Union Village healthcare project.