Veterans First and Bascom Group Partner to Serve Thanksgiving Dinner to 150 of Orange County’s Homeless Veterans

JV Gets $167M to Pay off Debt

DENVER-Irvine, CA-based the Bascom Group, along with Koelbel and Co. has secured $167-million in financing for the Breakers Resort, a six-village, 1,523-unit, class-A multihousing community here. The financing involved securing a $132 million floating-rate first trust deed through ING Real Estate Finance, and a $35 million mezzanine loan from Blackstone. Read More

Bascom Group Ranked #10 on OCBJ’s Best Places to Work in OC List

Orange County, CA September 5, 2011– Orange County Business Journal. The Business Journal’s Best Places to Work lists are the result of months of surveying workers and management at local employers. The final list of 60 represents those that scored highest on a proprietary ranking done by the Business Journal by Harrisburg, Pa.-based Best Companies […]

Bascom Group Entity Sheds 128-Unit Multifamily

BAKERSFIELD, CA-Tarzana, CA-based Gelt Inc. acquired its 19th multifamily property since its inception in December of 2008. This particular property was a $11.65-million, 128-unit class A apartment community located in Bakersfield, CA. The seller was an entity of the Bascom Group. Read More

Foreclosed Anaheim Office Built on Spec Sells for $14M

July, 2011 /Orange County Business Journal/ — One of the larger North Orange County offices built in the last real estate boom has traded hands through foreclosure, selling to a company with ties to a main tenant. Newport Beach’s Realm Group LLC paid close to $14 million for the Anaheim Hills Office Plaza, an office […]

The Bascom Group Exceeds $500 Million in Renovations

IRVINE, Calif., July 15, 2011 /PRNewswire/ — The Bascom Group, LLC, a leading national apartment investment firm, has completed a total of $566 million in renovations on 206 multifamily communities since 1996. Aggregated, the actual completed renovation costs for the portfolio are below their original allocated budgets Read More

Taking New Positions

Like most seasoned apartment renovators, The Bascom Group has seen little opportunity across its portfolio of 32,051 units to invest in serious physical renovation projects over the past three years. Sure, labor has been cheap, and most nonpetroleum building products can be had at a discount to prerecession prices. Read More

Bascom Closes 840-Unit $31.65MM Portfolio in Denver, Colorado

IRVINE, Calif., June 16, 2011 /PRNewswire/ — The Bascom Group, LLC, in partnership with the Carlyle Group, has acquired an 840-unit apartment portfolio in the Denver Metro region. The portfolio consists of Fairways at Lowry, a 450-unit community in Aurora, Colorado, acquired for $16,650,000 ($37,000 per unit or $70.77 per square foot) and Village at […]