Multifamily Leadership has announced the official ranking for the 2019 “Best Places to Work Multifamily™” Program. Winners found out how they ranked at the Multifamily Leadership Summit held in Scottsdale, Arizona. The Multifamily Industry, serving apartments and their residents, contributes more than $3.5 billion to the economy everyday, supporting more than 12.3 million jobs. […]
The Internal Revenue Service on Oct. 19 issued the first set of regulations that clarify the Opportunity Zones Program—the first initiative of its kind in the last 15 years. Judging by the response it received so far, it might well be the most successful one. This first batch of rules will be followed by another […]
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 […]
IRVINE, Calif., Oct. 18, 2018 /PRNewswire/ — The Bascom Group, LLC (“Bascom”) has acquired Corona Del Norte (“Del Norte”), a 29-unit infill apartment community located in the desirable South Bay submarket in Torrance, California. The $6.3 million sale ($217,241/unit) closed on October 12, 2018. Steffan Braunlich with Berkadia Real Estate Advisors brokered the sale. East […]
The USD6.3 million sale (USD217,241 per unit) closed on 12 October, 2018. Steffan Braunlich with Berkadia Real Estate Advisors brokered the sale. East West Bank provided Bascom with an acquisition loan to finance the purchase. James D’Argenio and Chang Liu sourced and managed the acquisition for Bascom. Del Norte is less than five miles […]
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 […]
Philip P. DiStefano, Chancellor of the University of Colorado, expressed his gratitude to Bascom Group for its generous gift to the Bascom Case Study Fund. He shared that this contribution plays a vital role in helping the university fulfill its mission of supporting student success and making a positive impact on the world. By investing […]
Christian E. Simonsen, CEO of the Orangewood Foundation, thanked Bascom Group for its continued generous support, including a $5,000 gift dedicated to programs that serve foster and community youth in Orange County. He added a lighthearted note, hoping Bascom enjoyed the excitement of the Demolition Derby, an event tied to their support. This contribution directly […]
In addition to a high volume of transactions across the Western U.S. as VP of acquisitions for the Bascom Group, Jim Singleton is also a strong advocate of helping develop the careers of others. For the past four years, Singleton has led Bascom’s Acquisition Analyst Internship Program, which fosters the growth of driven, up-and-coming real […]
Janie Best, CEO of WHW, expressed her gratitude to Bascom Group for generously sponsoring WHW’s Employment Breakfast with a $3,000 contribution. She explained that this gift helps fund employment readiness workshops and programs that will serve more than 8,000 men and women in a single year. Thanks to Bascom’s investment, 83% of WHW clients are […]
