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 […]
Harshal Vaza, Vice President of External Affairs for the UCI Real Estate Association, reflected on his visit with The Bascom Group and expressed heartfelt gratitude. He shared how much he appreciated the insights and advice given during the site visit, noting that the experience provided valuable perspective for him and his peers. Harshal also emphasized […]
Harbor Associates and the Bascom Group have formed another office joint venture to purchase value-add office deals throughout the Western US. The two companies have allocated $500 million in capital to deploy over the next two years, and has already made its first two purchases in Los Angeles and Del Mar. The two transactions totaled $37.5 million. This […]
Long Beach, CA (May 16, 2018) – Harbor Associates, LLC (Harbor), and joint venture partner The Bascom Group LLC (Bascom), has acquired office buildings in Los Angeles and Del Mar, CA in separate transactions totaling $37.4 million. The latest transactions extend the relationship enjoyed by the two companies, who over the last three years […]
Irvine, Calif.-based private equity firm The Bascom Group LLC has acquired Sunset Cove Apartments in Costa Mesa, Calif. The 123-unit, 48-year-old infill apartment community was acquired for $33.3 million in a transaction that closed April 30. Sunset Cove Apartments is situated in a burgeoning Westside Costa Mesa enclave with immediate access to major freeways […]
Tim Rogers, Executive Director of Boys Hope Girls Hope, shared his gratitude to Bascom Group for its generous $6,000 contribution to the 24th Annual Golfers Classic. As a privately funded program, Boys Hope Girls Hope depends on community support to fulfill its mission of providing caring homes and transformative opportunities for scholars. Bascom’s investment directly […]
IRVINE, Calif., March 16, 2018 /PRNewswire/ — The Bascom Group, LLC (“Bascom”) has acquired Tempo at Riverpark Apartments (“Tempo”), a 235-unit infill apartment community located in the vibrant Riverpark community in Oxnard, California. The $75.25 Million acquisition ($320,213/unit) closed on March 13, 2018. Brian Eisendrath, Annie Rice, and Brandon Smith of CBRE arranged the debt financing for the purchase. Built in 2016, Tempo […]
Irvine-based Premier Business Center, a flex workspace provider, has inked a five-year lease for the second floor at Park Tower in Long Beach. The firm will take roughly 17,300 square feet in the glass office building at 5150 E. Pacific Coast Highway, it said in a statement. This marks Premier’s fourth Long Beach […]
The commercial real estate industry’s biggest night of entertainment and networking in SoCal is just around the corner. Check out the video above to see how training is progressing for NAIOP SoCal’s Night at the Fights 2018. The event is set for April 26th at Hotel Irvine and it promises to be even bigger and better […]
The Bascom Group is a highly regarded and respected private equity firm that specializes in value-added multifamily real estate investments. Building one of the most viable apartment portfolios in the industry, it has distinguished itself from its counterparts through its market expertise, preservation of capital and its proactive outreach to the community. The firm’s […]
