According to the Real Deal, NMS Properties, which has owned the buildings since 1999, sold adjacent buildings at 9710 Zelzah Ave. and 17819 Superior St. to Bascom Group. Known as NMS Superior and NMS Northridge, the apartment complexes feature two- and three-bedroom units, each with a two-car garage.
Bascom, which intends to renovate the units and add amenities to the properties, bought them using an acquisition loan from Brightspire Capital. Financial terms of the loan were not disclosed.
Earlier in the week, NMS announced that it had sold an 80-unit apartment building in Canoga Park to Domino Realty for more than $30 million.