Bascom Group Buys Upscale Asset in Booming Frisco

Bascom Group Buys Upscale Asset in Booming Frisco

The Bascom Group of Irvine, Calif., has acquired Jefferson Stonebriar, a newly built 424-unit, Class A multifamily community in Frisco, Texas. JPI, the asset’s seller, is an active developer in the Dallas Metroplex. Debt financing was arranged by Tip Strickland and Braden Harmon of Berkeley Point Capital. Brian Murphy and Richard Furr of ARA represented […]

Bascom Group Buys SoCal Community

The Bascom Group has purchased Island Apartments, a 78-unit community in Pico Rivera, Calif., for $12.6 million, which equates to $160,897 per unit. Brentwood Realty Partners arranged the sale of the transaction and Talonvest secured $9.7 million in financing through California Bank & Trust. Read More

Spirit Bascom Ventures Acquires Hoboken, NJ Multifamily Property for $17.65 Million

HOBOKEN, N.J., July 25, 2018 /PRNewswire/ — Spirit Bascom Ventures, LLC (“Spirit Bascom”) a partnership between Irvine, California based The Bascom Group, LLC (“Bascom”), and Stamford, Connecticut based Spirit Investment Partners, LLC (“Spirit”) acquired 1024 Clinton Street in Hoboken, New Jersey for $17.65 million. Spirit Bascom acquired the property from a long-time family owner.   The acquisition was the second transaction in partnership with a prominent […]

Premier Business Centers Tops in Co-Working in OC

Premier Business Centers doesn’t have the Wall Street buzz We Work Inc. does or brand-new locations in some of Orange County’s recently built or redesigned office developments like some other co-working peers, such as Spaces. But the Irvine-based executive suites operator has one notable advantage in Orange County over the competitors: a big established presence. [...]

Bascom acquires Sleepy Hollow Apartments for $7.54 mln

IRVINE, Calif., June 20, 2018 /PRNewswire/ — The Bascom Group, LLC (“Bascom”) has acquired Sleepy Hollow Apartments, a 25-unit infill apartment community located in the sought-after community of Anaheim Hills, California. The $7,540,000 acquisition ($301,600/Unit or $285.00/SF) closed on June 15, 2018. Bascom arranged the debt financing with Manufacturers Bank. The sale was brokered by […]

SoCal Investors Are Following The Yield To Denver

The Denver market seemingly exploded this cycle—but in reality, the growth was a long-time coming. The Bascom Group has been an active player in Denver since 2005 and has acquired nearly 11,000 multifamily units, including its recent purchase of Modera at Observatory Park Apartments, a 275-unit new construction apartment complex, for $92.5 million. Now, Denver has popped […]

Bascom Group Acquires Denver Community for $93M

The Bascom Group LLC has acquired Modera at Observatory Park Apartments, a 275-unit Class A infill apartment community in Denver for $92.5 million from Mill Creek Residential. “Observatory Park was a rare opportunity to acquire an off-market core-plus asset in an extremely tight market,” Scott McClave, Bascom’s senior principal, said. “The quality of the asset, proximity to […]