Influencers In Multifamily

Over the past 12 months, the Bascom Group has completed more than $1 billion in transactions throughout the US, targeting value-add multifamily in infill areas with high barriers to entry. Many of these assets are distressed and come with a number of issues that may give traditional investors pause. But they can be overcome with a well-planned strategy and effective implementation—which is Bascom’s sweet spot.

The Irvine, CA-based private equity firm was founded by principals Jerry Fink, David Kim, and Derek M.D. Chen, in 1996. All University of Wisconsin alumni, they named their company after “Bascom Hill,” the site upon which the university’s business school sits. Launched in the midst of the savings and loan meltdown, the firm’s initial business plan was to acquire and reposition 300- to 500-unit apartment buildings by implementing value-add renovations and community outreach programs. That same year the company acquired its first property, a 58-unit asset later called “Ontario Plaza.” From there, the firm went on to develop throughout California, Arizona, Hawaii, the Pacific Northwest, Colorado, Utah, Texas and other select markets across the US.

Read More

Share This Article :

Related Posts

Influencers In Multifamily

October 19, 2018