Bascom Cuts Costs, Increases Tenant Outreach to Face Weakened Economy

Irvine, Calif.–The Bascom Group LLC, a private apartment owner with a portfolio of 100 properties totaling more than 29,400 units nationwide, has reported an increase of 11.8 percent in its portfolio net operating income for the fourth of quarter of 2009, compared with the same period a year earlier. The company’s total portfolio income declined 2.1 percent in 3Q08 compared with 4Q08, despite a decline in rents of 8.6 percent.

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