Collecting Lease Breach Fees Helps Boost Bascom Group’s NOI
Management Insider, Units Magazine, November 2010 Download Document
Despite Industry-wide Optimism, Rehab Still Doesn’t Pencil Out
Despite the general optimism in the multifamily industry, rehab still isn’t penciling out. Modest improvements in occupancies and rents aren’t enough to push the rehab gates back open again, as every panelist on a renovation panel at the MFE Conference in Las Vegas last week pointed out. Read More
Property Managers Control Costs and Boost NOI Through Ancillary Income, Technology
As rents continue to fluctuate from quarter to quarter, property managers are working hard to keep NOI at its maximum level. At the MFE Conference last week in Las Vegas, a panel of management experts, moderated by Mark Fogelman, president of Memphis-based Fogelman Management Group, offered creative strategies to control costs, find new profit areas, […]
The Bascom Group Wins Grand Prize in Renovations Category at the 2010 Multi-Family Executive Conference
IRVINE, Calif., Oct. 13 /PRNewswire/ — The Bascom Group was awarded the grand prize in the Renovations category at the 2010 Multi-Family Executive Conference for the renovation of the Vistas at Saddle Rock, a 320-unit apartment community located in Denver, Colorado (https://www.vistasatsaddlerock.com/). The Multi-Family Executive Conference, held in Las Vegas, Nevada on October 5, 2010, […]
Susan M. Ansel, Jared Miller, Alliance Residential Win Big at the 2010 Multifamily Executive Awards
WASHINGTON, D.C.—Gables Residential executive vice president and chief operating officer Susan M. Ansel was named the 2010 Executive of the Year by MULTIFAMILY EXECUTIVE magazine at the annual MFE Awards ceremony in Las Vegas on Oct. 5. Ansel was one of two individual honors and more than 40 awards presented at the event, which recognizes […]
Malls Regain Allure Amid Continued Economic Gloom
Mall buyers will focus either on well-performing and stabilized properties, or anemic and value-added space in coming months. Until financing becomes readily available for all mall types, there won’t be much room for anything between the two extremes. Core asset buyers such as Glimcher Realty Trust and Miller Capital Advisory/Institutional Mall Investors should make further […]
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 […]