Navigating the New Opportunity Zones

Navigating the New Opportunity Zones

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 […]

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 [...]

Bascom acquires Corona Del Norte for $6.3 mln

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 […]

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. [...]