The Bascom Group

Bascom Closes 840-Unit $31.65MM Portfolio in Denver, Colorado

IRVINE, Calif., June 16, 2011 /PRNewswire/ — The Bascom Group, LLC, in partnership with the Carlyle Group, has acquired an 840-unit apartment portfolio in the Denver Metro region. The portfolio consists of Fairways at Lowry, a 450-unit community in Aurora, Colorado, acquired for $16,650,000 ($37,000 per unit or $70.77 per square foot) and Village at Coronado, a 390-unit community in Thornton, Colorado, acquired for $15,000,000 ($38,462 per unit or $54.27 per square foot).

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