The Bascom Group, LLC Increases Portfolio Net Operating Income by 11.8%

The Bascom Group, LLC, a private equity company with an apartment portfolio consisting of 100 properties and 29,442 units nationwide, has successfully increased their portfolio net operating income by an impressive 11.8% or $3.04 million (4th QTR ’08 vs. 4th QTR ’09). Despite declines in market rents of 8.6%, Bascom’s portfolio total income declined only 2.1% from the prior year period. Additionally, Bascom achieved greater success in reducing portfolio operating expenses by $4.31M or a 12.4% decrease from 4th QTR of ’08.

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