Sales Out of Receivership Expected to Increase
Favorable court precedents and evasion of foreclosure spurn multifamily sell-off from court-appointed asset receivers. By:Chris Wood Read More
Investor Hunger for Apt. Properties Still Sharp in Second-Half 2010 Investment Capital Beginning to Fan Out Across Country In Search of Core Assets and Discounts on Distressed Properties
By Randyl Drummer – September 8, 2010 Read More
Bascom Group Completes All-Cash Foreclosure Auction Purchase in the Sandy Springs Submarket in Atlanta, Georgia
IRVINE, Calif., Sept. 10 /PRNewswire/ — The Bascom Group, LLC (“Bascom”) acquired The Parc at Dunwoody Apartments for $10.0MM ($32,051 per unit). Bascom purchased the property, all-cash, at a foreclosure sale on September 7, 2010. Parc at Dunwoody is a 312-unit Class B property constructed in 1980 and renovated in 2007 and 2008. The property […]
Bascom Closes a $7,900,000 Distressed Lender Foreclosure Apartment Community in Denver, Colorado
IRVINE, Calif., Aug. 9 /PRNewswire/ — The Bascom Group, LLC has acquired the Maples at Crestwood Apartments, a 300-unit community in Denver, Colorado for $7,900,000 ($26,333 per unit or $35.21 per square foot). The property previously sold in 2002 for $19,400,000. The sale closed on August 6, 2010 and expanded Bascom’s Denver portfolio to 21 […]
Bascom Group Acquires a Distressed 360-Unit Luxury Class A Apartment Community in San Antonio, Texas in Receivership
IRVINE, Calif., Aug. 31 /PRNewswire/ — The Bascom Group, LLC (“Bascom”) has acquired The Retreat at Canyon Springs Apartments, a 360-unit luxury Class A property constructed in 2001. The sale closed on August 26, 2010. The apartment community is located in the exclusive Stone Oak subdivision of San Antonio, Texas. The property was purchased through […]
San Gabriel real estate summit highlights opportunities
SAN GABRIEL – China’s emergence as an economic superpower has caught the attention of U.S. investors and business leaders, highlighting opportunities that are available to both nations. The inaugural U.S.-China Real Estate Summit, which kicked off Thursday in San Gabriel, was designed to promote those opportunities. Read More
Bounce Back: Multifamily Firms Emerge From Recession
In Phoenix, not all apartment companies are created equal in the scope of the market recovery. An Arizona court of equity has cleared the way for a 3,000-unit, seven-property apartment portfolio previously operated by the Bethany Group to be sold out of receivership, says Bill Hoffman, president and founder of San Diego, Calif.-based Trigild, […]
Apartment rents hitting bottom
Scott R. McClave is a principal of transactions and finance for The Bascom Group, an Irvine-based investment firm that manages over 30,000 units of apartments in 10 states. McClave is involved with the acquisitions, financing, and dispositions of apartment buildings, which the company renovates, rents up and, ultimately, sells after a number of years. […]
The same owners as last year top the charts – but with lower unit counts
The county’s largest minority-owned businesses are coming off a tough 2009 by hiring in anticipation of a better 2010. This week’s Business Journal list of 50 minority-owned businesses saw about 125 local workers added in the past 12 months—most in recent months—for a total of 8,323 workers in Orange County. Total hiring here and across […]
50 Largest U.S. Apartment Owners as of May, 2010
The same owners as last year top the charts – but with lower unit counts. Download Document