The Bascom Group, LLC.

Las Vegas Apartment Complex Sells For $135M

A Las Vegas apartment complex has sold for more than $135 million, the latest nine-figure purchase of a valley rental property.   Starlight U.S. Residential Fund announced last month that it acquired Lyric, a 376-unit apartment complex in the south valley.   Lyric, 304 E. Silverado Ranch Blvd., near Las Vegas Boulevard, boasts a karaoke […]

Bascom Group Makes Entrance Into Reno, Acquiring 147-Unit Apartment Community For $31.0 Million

The Bascom Group, LLC (“Bascom”) has acquired Sierra Point Apartments (“Sierra Point“) in the Reno, Nevada metro area. Bascom purchased Sierra Point, a 147-unit garden-style multifamily community for $31,000,000, or $210,884 per unit, in an off-market transaction.  The property, built in 1996 & 1998, consists of 84% two-bedroom floorplans. Financing for the acquisition was provided by LoanCore and was arranged by Charles […]

Celebrating 25 Years With The Bascom Group

The Bascom Group, founded by David Kim (BBA 1989), Jerry Fink (MBA 1990), and Derek Chen (MBA 1991) is celebrating 25 years of success. Their friends, classmates, colleagues, and fellow alumni helped them celebrate at the 2021 Wisconsin Real Estate Alumni Association (WREAA) Biennial Real Estate Conference and Reunion. This year, WREAA and Dean Vallabh […]

Apartment complex in western Las Vegas Valley sells for $21.5M

The recently renovated western Las Vegas apartment complex Fifty101 traded hands between two Southern California investment firms in a deal announced Friday.   Real estate investment firm Apartment Ventures in Cypress, California, acquired Fifty101 for $21.5 million from Irvine, California-based company The Bascom Group, according to a release from Cushman & Wakefield, which brokered the […]

Joint Venture Sells Arizona Assets for $313M

A joint venture between Bascom Arizona Ventures and Pacific Life Insurance Co. has sold two luxury multifamily properties—Ascend at Kierland and Elite North Scottsdale. Located in the North Scottsdale, Ariz., market, the properties total 724 units and were purchased by The Ezralow Co. for $312.5 million.   Read More

Bascom Group Expands Presence in San Diego County with 80 Unit Multifamily Acquisition

IRVINE, Calif., Aug. 11, 2021 /PRNewswire/ — The Bascom Group, LLC (“Bascom”) has acquired an 80-unit multifamily community within the broader San Diego market. The property, Echo Pointe Apartments, consists of large, two- and three-bedroom floorplans across 20 fourplex buildings in centrally-located La Mesa, California. Bascom purchased the 80-unit property for $26,800,000, or $355,000 per unit. Brightspire Capital (fka Colony Capital) provided the […]

Bascom Group Continues Las Vegas Acquisitions Tear With 93 Unit Single-Family Rental Portfolio

IRVINE, Calif., July 23, 2021 /PRNewswire/ — The Bascom Group, LLC (“Bascom”) has acquired a 93-unit Single-Family Rental community within a broader housing district in Las Vegas, Nevada. The property, Suncrest Townhomes, consists of zero lot-line paired single family homes in North Las Vegas. Bascom purchased the 93-unit single-family portfolio for $24,750,000 or $266,129 per unit. Rialto Capital Management provided the debt financing for the acquisition […]

Spirit Investment Partners and The Bascom Group Acquire 221 Unit High Rise Multifamily Property In Evanston, Il for $49,110,000

EVANSTON, Ill., July 27, 2021 /PRNewswire/ — Spirit Investment Partners (“Spirit”) of Stamford, CT in partnership with Irvine, California based The Bascom Group, LLC (“Bascom”) have acquired the 415 Premier apartments in Evanston, Illinois for $49,110,000 or $222,217 per unit. The acquisition closed on July 21, 2021.  Dan Cohen of CBRE represented the seller.  Peter Marino, also of CBRE, arranged the acquisition financing through Rialto Capital Management.   Read More