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, […]
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 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 […]
The same owners as last year top the charts – but with lower unit counts. Download Document
Bascom have moved up seven spots since last year’s ranking. Download Document
Bascom invests into communities as others are withdrawing IRVINE, Calif., April 6 /PRNewswire/ — Despite harsh economic times and unpredictable budget cuts, The Bascom Group has managed to continue pushing resident retention and outreach efforts at their communities. Like others, The Bascom Group was put to the test in a volatile period where vacancies […]
Irvine, Calif.–The Bascom Group LLC, a private apartment owner with a portfolio of 100 properties totaling more than 29,400 units nationwide, has reported an increase of 11.8 percent in its portfolio net operating income for the fourth of quarter of 2009, compared with the same period a year earlier. The company’s total portfolio income declined […]
The Bascom Group, LLC, a private equity company with an apartment portfolio consisting of 100 properties and 29,442 units nationwide, has successfully increased their portfolio net operating income by an impressive 11.8% or $3.04 million (4th QTR ’08 vs. 4th QTR ’09). Despite declines in market rents of 8.6%, Bascom’s portfolio total income declined only […]
Is now the time to get into real estate? Josh Needle thinks so. How else to learn the tough lessons that only come from working in a brutal market? Needle, 30, appears to be on the right path. He was named recipient of the first fellowship sponsored by the UC Irvine Center for Real […]
Denver is home to some of the greatest charities in the nation, but the economic downturn has forced these charities to turn to the local businesses for assistance. The Breakers Resort Apartment Homes, owned by the Irvine, Calif.-based The Bascom Group, stepped up to the call and has become involved in a number of community […]
