Fairway Village is located one mile off of Highway 680 on Alcosta Boulevard in San Ramon. The surrounding area offers a complimentary mixture of major employment, retail and shopping venues, large parks, lakes and other recreational facilities. The property was purchased in April 2005 and was a tired asset that although in good condition, required an upgrade to enhance its curb appeal. Bascom conducted a modest $.66M renovation of approximately $11,000/unit to improve the marketability of the property through a multi-color exterior paint scheme, landscaping enhancements, enhanced leasing office. In addition, Bascom added a fitness center adjacent to the pool and upgraded interiors including adding washers and dryers to the townhouse units. The property was sold in August 2005 as part of 1031 exchange.