Over the past 12 months, the Bascom Group has completed more than $1 billion in transactions throughout the US, targeting value-add multifamily in infill areas with high barriers to entry. Many of these assets are distressed and come with a number of issues that may give traditional investors pause. But they can be overcome with […]
IRVINE, Calif., Oct. 18, 2018 /PRNewswire/ — The Bascom Group, LLC (“Bascom”) has acquired Corona Del Norte (“Del Norte”), a 29-unit infill apartment community located in the desirable South Bay submarket in Torrance, California. The $6.3 million sale ($217,241/unit) closed on October 12, 2018. Steffan Braunlich with Berkadia Real Estate Advisors brokered the sale. East […]
The USD6.3 million sale (USD217,241 per unit) closed on 12 October, 2018. Steffan Braunlich with Berkadia Real Estate Advisors brokered the sale. East West Bank provided Bascom with an acquisition loan to finance the purchase. James D’Argenio and Chang Liu sourced and managed the acquisition for Bascom. Del Norte is less than five miles […]
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 […]
