History & Overview
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 Partners
Our 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.
Value Added Situations
Properties/owners that are financially distressed and have deferred maintenance or new construction experiencing soft absorption and struggling with lease up.
Scottsdale, Chandler, Arrowhead Ranch, Gilbert, Tempe, East Mesa, Glendale (newest areas), Flagstaff, Tucson, and Prescott.
Preferably, within a two-hour drive of Philadelphia.
B to A+, 1990 and newer (preferably, but will consider older).
Single assets (preferably, over 200 units) to very large portfolios.
Listed and Off-Market Transactions
BAZV will review all listed properties, but prefers off-market transactions. BAZV will protect Brokers who present previously unseen, off-market deals.
Anticipated renovations of $7,000 to $20,000 per unit depending on age and property condition; potentially $20,000-$40,000 for certain situations.