BAKERSFIELD, Calif., June 12, 2012 /PRNewswire/ — Irvine, California-based The Bascom Group, LLC has acquired the Autumn Glen and Serena Vista Apartments, a two-property portfolio, consisting of 250 units in Bakersfield, California, for $18.7M. The sale closed on June 8, 2012 and expanded Bascom’s presence in Bakersfield to 487 units and expands the Central Valley […]
DALLAS, April 4, 2012 /PRNewswire/ — Irvine, California-based The Bascom Group, LLC has acquired Villas at Monterey, a 272-unit community in Dallas, Texas. The sale closed on March 30, 2012 and expanded Bascom’s Texas portfolio to 20 properties totaling 7,181 units. The price was not disclosed. The acquisition for Bascom was managed by Andrew Newton, […]
SANTA ANA, Calif., Nov. 18, 2011 /PRNewswire/ — As the holiday season approaches, the Bascom group has partnered with Veterans First to provide a wonderful Thanksgiving meal for approximately 150 of Orange County’s homeless veterans on Tuesday, Nov. 22, 2011 from 11:00 a.m. – 1:00 p.m. at the Veterans First Service Center, located at 1540 […]
IRVINE, Calif., March 5, 2012 /PRNewswire/ — The Bascom Group, LLC has acquired Veranda Apartment Homes, a 128-unit community located in Fullerton, California, for $20,400,000. Bascom worked with Troy Tegeler and Jeff Tong of CBRE to arrange the financing for the purchase. Brett Betzler of Moran & Co. represented the seller, Fifth Street Partners & […]
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
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 […]
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
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 […]
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
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
