IRVINE, Calif., Jan. 3, 2017 /PRNewswire/ — The Bascom Group, LLC (“Bascom”) has acquired Spectrum Apartments (“Spectrum”), a late-vintage 252-unit luxury apartment community located at 9242 West Russell Road, Las Vegas, NV 89148. The $38.35 million sale closed on December 22, 2016. Patrick Sauter and Art Carll with NAI Vegas were the brokers for the […]
Las Vegas— Irvine, Calif.-based private equity firm The Bascom Group, which specializes in value-added multifamily housing, has acquired a 90-unit garden-style apartment on the west side of Las Vegas. Read More
Spirit Bascom Ventures, a partnership between Irvine-based Bascom Group and Stamford, Conn.-based Spirit Investment Partners, has acquired a 1920s-era, nine-story building in Chicago for $18.8 million, its second acquisition in the city in the past year. The property is in the Rogers Park neighborhood, a few blocks north of Loyola University’s flagship Lake Shore campus. […]
LONG BEACH, Calif., Dec. 19, 2016 /PRNewswire/ — Harbor Associates, LLC (“Harbor”) has acquired Conejo Spectrum, a 159,186 square foot, two building, office and flex portfolio in a joint venture with The Bascom Group, LLC (“Bascom”) for $13,000,000 or $81 per square foot. Harbor sourced the asset through a distressed auction bid process from seller […]
CHICAGO, Dec. 12, 2016 /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”), has acquired 6807 N. Sheridan Road for $18,875,000, its second Chicago acquisition in the past year. The property is located in the dynamic […]
TUCSON, Ariz., Nov. 2, 2016 /PRNewswire/ — The $250 million venture by The Bascom Group, LLC and funds managed by Oaktree Capital Management, L.P. (“Venture”) has acquired Springs at Continental Ranch Apartments, a 196-unit luxury community located in Tucson, Arizona. ACORE Capital provided debt financing, which was arranged by Brian Eisendrath, Brandon Smith, and Annie […]
IRVINE, CA – The Bascom Group, has acquired Hillside Terrace, a 32-unit apartment community located at 322 Hillside Terrace, Vista, California for $6,200,000 or $193,750 per unit or $228.00 per square foot. Olga Alworth with Meridian Capital arranged the debt financing and San Diego Private Bank provided the new loan. This was an off-market transaction […]
October 25th, 2016 – The Bascom group is pledging to match $25,000 in donations for the “I Have a Dream” Foundation of Los Angeles through the month of October. IHADLA offers at-risk youth academic and emotional support, college and career readiness, life skill development, parent engagement, and social-emotional support, plus an offer of a scholarship […]
DENVER — BH Equities LLC, Pensam Residential and Wafra Capital Partners have acquired the Breakers Resort apartment community in Denver. The price was $350 million, according to the Denver Business Journal. The community is located at 9099 E. Mississippi Ave. Read More
PRESCOTT, Ariz., Oct. 6, 2016 /PRNewswire/ — Bascom Arizona Ventures has acquired the Prescott Lakes Senior Community, a 123-unit luxury independent living senior apartment community for $18,000,000 or $146,341 per unit. The property is located in Prescott, Arizona in the highly desirable Prescott Lakes master planned community. Read More
