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
IRVINE, Calif., June 16, 2011 /PRNewswire/ — The Bascom Group, LLC, in partnership with the Carlyle Group, has acquired an 840-unit apartment portfolio in the Denver Metro region. The portfolio consists of Fairways at Lowry, a 450-unit community in Aurora, Colorado, acquired for $16,650,000 ($37,000 per unit or $70.77 per square foot) and Village at […]
IRVINE, Calif., Jan. 7, 2011 /PRNewswire/ — In honor of the 60th Trick or Treat for UNICEF anniversary, the Bascom Group partnered with the US Fund for UNICEF in hopes of raising awareness and donations. Leveraging each of their 95 communities across the nation, they created UNICEF portholes at each location. Read More
DALLAS, April 22, 2011 /PRNewswire/ — The Bascom Group, LLC (“Bascom”) has acquired The Davis Building, a Class AAA luxury urban infill mixed-use property. The investment includes a 20-story high-rise building featuring a beautiful Neo-Classical facade and including 183 loft-style apartment units, 52,235 feet of premier retail space and the twelve-level 600-space Metropolitan parking garage. […]
Last month, the Bascom Group hit a major milestone: It trained its 100th real estate intern, an accomplishment that began in 1996 when the Irvine, Calif.-based multifamily firm brought on its first intern (and third employee!) to help grow the firm. Read More
