The Bascom Group of Irvine, Calif., has acquired Jefferson Stonebriar, a newly built 424-unit, Class A multifamily community in Frisco, Texas. JPI, the asset’s seller, is an active developer in the Dallas Metroplex. Debt financing was arranged by Tip Strickland and Braden Harmon of Berkeley Point Capital. Brian Murphy and Richard Furr of […]
In addition to a high volume of transactions across the Western U.S. as VP of acquisitions for the Bascom Group, Jim Singleton is also a strong advocate of helping develop the careers of others. For the past four years, Singleton has led Bascom’s Acquisition Analyst Internship Program, which fosters the growth of driven, up-and-coming real […]
The Bascom Group has purchased Island Apartments, a 78-unit community in Pico Rivera, Calif., for $12.6 million, which equates to $160,897 per unit. Brentwood Realty Partners arranged the sale of the transaction and Talonvest secured $9.7 million in financing through California Bank & Trust. Read More
HOBOKEN, N.J., July 25, 2018 /PRNewswire/ — Spirit Bascom Ventures, LLC (“Spirit Bascom”) a partnership between Irvine, California based The Bascom Group, LLC (“Bascom”), and Stamford, Connecticut based Spirit Investment Partners, LLC (“Spirit”) acquired 1024 Clinton Street in Hoboken, New Jersey for $17.65 million. Spirit Bascom acquired the property from a long-time family owner. The acquisition was the second transaction in partnership with a prominent […]
Realm Group LLC has acquired a 1.7-acre parcel of land in the Fashion District of Downtown Los Angeles for $24.25 mil. The site is entitled and planned for the development of a 33-story, 452-unit high-rise multifamily community, the first such project to be built in the city’s emerging Fashion District. Read More
Premier Business Centers doesn’t have the Wall Street buzz We Work Inc. does or brand-new locations in some of Orange County’s recently built or redesigned office developments like some other co-working peers, such as Spaces. But the Irvine-based executive suites operator has one notable advantage in Orange County over the competitors: a big established presence. […]
IRVINE, Calif., June 20, 2018 /PRNewswire/ — The Bascom Group, LLC (“Bascom”) has acquired Sleepy Hollow Apartments, a 25-unit infill apartment community located in the sought-after community of Anaheim Hills, California. The $7,540,000 acquisition ($301,600/Unit or $285.00/SF) closed on June 15, 2018. Bascom arranged the debt financing with Manufacturers Bank. The sale was brokered by […]
The Denver market seemingly exploded this cycle—but in reality, the growth was a long-time coming. The Bascom Group has been an active player in Denver since 2005 and has acquired nearly 11,000 multifamily units, including its recent purchase of Modera at Observatory Park Apartments, a 275-unit new construction apartment complex, for $92.5 million. Now, Denver has popped […]
LAS VEGAS — The Bascom Group has completed the disposition of Montecito Pointe, an apartment community located at 9745 Grand Teton Drive in northwest Las Vegas. RK Properties acquired the property for $59.2 million. Completed in 2007, the community features 336 apartments, with an average unit size of 981 square feet. Amenities include a […]
The Bascom Group LLC has acquired Modera at Observatory Park Apartments, a 275-unit Class A infill apartment community in Denver for $92.5 million from Mill Creek Residential. “Observatory Park was a rare opportunity to acquire an off-market core-plus asset in an extremely tight market,” Scott McClave, Bascom’s senior principal, said. “The quality of the asset, proximity […]
