History & Overview | Investment Strategy | Target Markets & Investment Criteria | ||||||||||||||||||||
| To repeat the extremely successful value added investment strategy Bascom Arizona Ventures, LLC (“BAZV”) executed during the previous two cycles. Target properties are those that require renovations, recapitalization, and repositioning. Principals & Managing PartnersOur managing partners maintain core expertise in each of the fundamental service disciplines we offer. They share a common vision and exhibit a broad and diverse perspective which results in a strong, successful leadership at our firm. Contact InformationScottsdale Office | Value Added SituationsProperties/owners that are financially distressed and have deferred maintenance or new construction experiencing soft absorption and struggling with lease up. ArizonaScottsdale, Chandler, Arrowhead Ranch, Gilbert, Tempe, East Mesa, Glendale (newest areas), Flagstaff, Tucson, and Prescott. Mid-Atlantic StatesPreferably, within a two-hour drive of Philadelphia. Product TypeB to A+, 1990 and newer (preferably, but will consider older). Deal SizeSingle assets (preferably, over 200 units) to very large portfolios. Listed and Off-Market TransactionsBAZV will review all listed properties, but prefers off-market transactions. BAZV will protect Brokers who present previously unseen, off-market deals. RenovationsAnticipated renovations of $7,000 to $20,000 per unit depending on age and property condition; potentially $20,000-$40,000 for certain situations.
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