In Las Vegas real estate, few aspects of the market are as heated today as apartments. Construction keeps ramping up, vacancy rates have dropped, rents keep rising, and landlords are paying more for buildings. And in the past few years, one person involved in some of the valley’s biggest apartment deals ever is Scott McClave. […]
Tucson, Ariz.—The $250 million joint venture by The Bascom Group and funds managed by Oaktree Capital Management acquired La Entrada Apartments, located at 255 N. Granada Ave. in Tucson, Ariz. ACORE Capital provided debt financing, arranged by Brian Eisendrath, Brandon Smith and Annie Rice of CBRE. Onsite property management will be provided by Morrison, Ekre […]
The Bascom Group, an Irvine, California-based firm with several multifamily holdings in Las Vegas and across the U.S., increased its Southern Nevada footprint at the end of 2016. Bascom acquired two apartment communities in the west end of the valley, according to data from CoStar.com, a commercial real estate news website. Read More
FONTANA, CA – The Bascom Group has acquired Laurel Tree, a 36-unit apartment community located at 17923 Arrow Boulevard, Fontana, California for $5,250,000. The sale represents a price of $145,833 per unit or $160.71 per square foot. Marcus & Millichap represented both the buyer and seller in the transaction. Manufacturer’s Bank provided the new loan. […]
It was a day to honor big givers. Philanthropists of Orange County came together to celebrate the 21st annual National Philanthropy Day over lunch at the National Grove of Anaheim. The event, organized and hosted by the Assn. of Fundraising Professionals, drew more than 800 guests to honor an impressive roster of activists. Read […]
SAN ANTONIO — The Bascom Group has purchased Redlands Apartments, a Class A apartment community located in San Antonio’s Stone Oak submarket, for an undisclosed price. The property comprises 15 residential buildings, totaling 280 units in a mix of one-, two- and three-bedroom layouts, and a standalone leasing center. Read More
Irvine, Calif.–based Bascom Group has acquired the 252-unit Spectrum Apartments luxury community in Las Vegas for $38.35 million. The purchase marks Bascom’s 29th property acquisition in the Las Vegas market since 2013, for a total of 9,167 units owned in the area. Read More
IRVINE, Calif., Jan. 3, 2017 /PRNewswire/ — The Bascom Group, LLC (“Bascom”) has acquired Spectrum Apartments (“Spectrum”), a late-vintage 252-unit luxury apartment community located at 9242 West Russell Road, Las Vegas, NV 89148. The $38.35 million sale closed on December 22, 2016. Patrick Sauter and Art Carll with NAI Vegas were the brokers for the […]
Las Vegas— Irvine, Calif.-based private equity firm The Bascom Group, which specializes in value-added multifamily housing, has acquired a 90-unit garden-style apartment on the west side of Las Vegas. Read More
Spirit Bascom Ventures, a partnership between Irvine-based Bascom Group and Stamford, Conn.-based Spirit Investment Partners, has acquired a 1920s-era, nine-story building in Chicago for $18.8 million, its second acquisition in the city in the past year. The property is in the Rogers Park neighborhood, a few blocks north of Loyola University’s flagship Lake Shore campus. […]
