Bascom News

Irvine, California – August 29, 2024 – The Bascom Group, LLC (“Bascom”) has acquired Old River Place, a 249-unit single family residential-style, build to rent multifamily residential property located in the highly desirable Southwest submarket of Bakersfield, California. The purchase price was $ $56,633,500 or $227,444 per unit. Despite the high-interest rate environment and anemic […]

When Harbor Associates LLC purchased a 126,000-square-foot industrial real estate portfolio in the South Bay for $55 million back in November, the team saw a redevelopment opportunity.   The portfolio, made up of four adjacent properties ranging in size from 17,000 square feet to 45,000 square feet, sits at 690-760 W. 190th St. The 7.5-acre […]

The Bascom Group sponsored the First Annual Real Estate Case Competition at Southern Methodist University. Tony Ferrell and James D’Argenio supported this case challenge as judges, and winners were awarded from a grand prize pool of $11,000.   Read More

IRVINE, Calif., April 15, 2024 /PRNewswire/ — The Bascom Group, LLC (“Bascom”) has acquired Homestead at Boulder City (“Homestead”) for $3,050,000. Homestead is a 1999-built, single-story, 72-unit senior housing property located at 1401 Medical Park Drive, Boulder City, Nevada. Vincent Punzi and Lowell Takahashi of Berkadia arranged the debt financing for the acquisition, with Kairos Investment Management Company as the lender. The Seller was represented by Brad […]

The new owner of the San Miguel Court Apartments in Santa Fe plans to add amenities to the complex of four three-story residential buildings and update the mid-2000s interiors.   Irvine, Calif.-based private equity firm The Bascom Group closed March 7 on acquiring the 1974 property on Calle Lorca just west of the Smith’s Food […]

The Bascom Group and Oberdorf Real Estate Management have closed on the acquisition of the 360-unit Hearthstone at City Center in Aurora for $74 million. The previous owner was Independence Realty Trust. The asset previously traded in 2015 for $53.4 million, according to Yardi Matrix. Hearthstone is Bascom’s 37th acquisition in the state and 10th acquisition in the […]

The Bascom Group has acquired San Miguel Court Apartments, a 96-unit multifamily community in Santa Fe, N.M. The previous owner was a private individual, according to Yardi Matrix data. The transaction involved a $10.2 million loan, Santa Fe County records show. CBRE arranged the acquisition financing with LaSalle Debt Investors as lender.   Read More

Leste Group, a private-equity firm that operates both in Brazil and the U.S., has invested in Brazilian cosmetics distributor Prestige Cosméticos, the firm’s first deal out of a new strategy designed to help Latin American businesses expand in the U.S.   Rio de Janeiro-based Prestige supplies cosmetics sellers with perfumes and fragrances as well as […]

Irvine, California–(Newsfile Corp. – January 18, 2024) – The Bascom Group, LLC (“Bascom”) has acquired the Overlook Apartments, a 1988 built, 344-unit garden-style multifamily property located at 6200 Eubank Boulevard in Albuquerque, New Mexico. The property marks Bascom’s first multifamily acquisition in the state of New Mexico.The seller was represented by Northmarq’s investment sales team […]

The Bascom Group has acquired Texan 26, a 53-unit, 204-bed student housing community near the University of Texas at Austin campus. The previous owner was Article Student Living, the surviving entity of QuadReal’s acquisition of CA Student Living Properties, according to Yardi Matrix information.   Read More