Bridge Investment Group has acquired a two-property multifamily portfolio totaling 560 units in Tucson, Ariz., for $90.2 million. Bascom Arizona Ventures sold the 288-unit Equestrian for $47.7 million, or $165,625 per unit, and the 272-unit Ridgeline for $42.5 million, or $156,250 per unit. Both 13-acre properties are located on West Linda Vista Boulevard in […]
SCOTTSDALE, Ariz., Nov. 9, 2020 /PRNewswire/ — The top 50 national finalists for the official Best Places to Work Multifamily® will be honored during the upcoming Best Places to Work Multifamily® Awards Show on December 6, 2020 where each participating company will learn how they ranked nationally. The awards show will be broadcast live from Multifamily Studios in Scottsdale, Arizona. It will be available […]
The University of Colorado Boulder Leeds School of Business recently launched a new Real Estate emphasis for undergraduate students, in which case studies play an integral role. The new curriculum includes a capstone course involving a half dozen or more real estate cases that culminated with a new undergraduate Bascom case competition. “We want […]
The 2020 Multifamily Executive Award winners—selected by jurors Jed Gibson of Toll Architecture, William Greene III of JPI, and Karen Smith of BH Management Services—showcase the best in development, design, and dedication across the nation. In a year like no other, the meaning of home has become even more significant due to the COVID-19 […]
The Bascom Group, a private equity firm specializing in value-add multifamily and other real estate investments, has supported a cause near and dear to one of its own employees for almost a decade. When the mother of Jason Hanna, senior vice president of operations at The Bascom Group, was diagnosed with cancer in 2011, […]
SCOTTSDALE, AZ – Bascom Arizona Ventures, a subsidiary of Irvine, California based private equity firm The Bascom Group, LLC has acquired a 37-unit property located in downtown Tempe, Arizona. The purchase price was $11.5 million, or $310,811 per unit. Dolce Villaggio Townhomes is situated within downtown Tempe’s Urban Core Master Plan Community. The property is within walking distance of Arizona State University, Tempe Town Lake, […]
Evo, an apartment complex in the Las Vegas suburbs, features an indoor basketball court, steam and sauna rooms and a rooftop lounge. It sold last month for more than $100 million. Southern Nevada’s apartment market heated up over the past several years with a flood of new projects and lucrative investor purchases. […]
While Phoenix is getting all of the headlines, other Arizona markets are also seeing population growth and strong apartment demand. Tucson is among the hot markets in Arizona, experiencing population and job growth. As a result, the market is also seeing strong apartment demand and increasing investment activity. Read More
IRVINE, Calif., Jan. 13, 2020 (GLOBE NEWSWIRE) — Talonvest Capital, Inc., a boutique mortgage brokerage firm, negotiated individual refinance loans on behalf of repeat client, The Bascom Group, LLC, for three multi-family communities, two in California and one in Nevada. A commercial bank in Texas funded a $16.5M loan secured by Casanova Grove Apartments, a […]
The Bascom Group and funds managed by Oaktree Capital Management LP sold two Tucson multifamily properties, totaling 486 units, to different investors. The properties ended up trading for $87.5 million. Tyler Anderson, Asher Gunter and Jeff Casper with CBRE represented the seller. The 290-unit Silverbell Springs at 7759 N. Silverbell Rd. in the Tucson […]
