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The Bascom Group, LLC (“Bascom”) has acquired Sierra Point Apartments (“Sierra Point“) in the Reno, Nevada metro area. Bascom purchased Sierra Point, a 147-unit garden-style multifamily community for $31,000,000, or $210,884 per unit, in an off-market transaction.  The property, built in 1996 & 1998, consists of 84% two-bedroom floorplans. Financing for the acquisition was provided by LoanCore and was arranged by Charles […]

The Bascom Group has acquired ReNew at Decatur, a 216-unit community in Las Vegas, for $49.6 million or $229,630 per unit. JLL Capital Markets secured a loan from Bridge Investment Group. According to Yardi Matrix data, FPA Multifamily sold the 14-building property after purchasing it in 2019 for $29.5 million.   Read More

The Bascom Group, founded by David Kim (BBA 1989), Jerry Fink (MBA 1990), and Derek Chen (MBA 1991) is celebrating 25 years of success. Their friends, classmates, colleagues, and fellow alumni helped them celebrate at the 2021 Wisconsin Real Estate Alumni Association (WREAA) Biennial Real Estate Conference and Reunion. This year, WREAA and Dean Vallabh […]

The recently renovated western Las Vegas apartment complex Fifty101 traded hands between two Southern California investment firms in a deal announced Friday.   Real estate investment firm Apartment Ventures in Cypress, California, acquired Fifty101 for $21.5 million from Irvine, California-based company The Bascom Group, according to a release from Cushman & Wakefield, which brokered the […]

A joint venture between Bascom Arizona Ventures and Pacific Life Insurance Co. has sold two luxury multifamily properties—Ascend at Kierland and Elite North Scottsdale. Located in the North Scottsdale, Ariz., market, the properties total 724 units and were purchased by The Ezralow Co. for $312.5 million.   Read More

The Bascom Group has acquired a 405-unit apartment community within the Fort Lauderdale metro area. The property, Sunny Lake Apartments,  traded for $79.2 million or $195,679 per unit. Bascom invested in the property with JV partners Leste Group and East Hill Capital Partners with Leste participating as the majority equity investor.   Bridge Investment Group provided […]

IRVINE, Calif., Aug. 11, 2021 /PRNewswire/ — The Bascom Group, LLC (“Bascom”) has acquired an 80-unit multifamily community within the broader San Diego market. The property, Echo Pointe Apartments, consists of large, two- and three-bedroom floorplans across 20 fourplex buildings in centrally-located La Mesa, California. Bascom purchased the 80-unit property for $26,800,000, or $355,000 per unit. Brightspire Capital (fka Colony Capital) provided the […]

IRVINE, Calif., July 23, 2021 /PRNewswire/ — The Bascom Group, LLC (“Bascom”) has acquired a 93-unit Single-Family Rental community within a broader housing district in Las Vegas, Nevada. The property, Suncrest Townhomes, consists of zero lot-line paired single family homes in North Las Vegas. Bascom purchased the 93-unit single-family portfolio for $24,750,000 or $266,129 per unit. Rialto Capital Management provided the debt financing for the acquisition […]

EVANSTON, Ill., July 27, 2021 /PRNewswire/ — Spirit Investment Partners (“Spirit”) of Stamford, CT in partnership with Irvine, California based The Bascom Group, LLC (“Bascom”) have acquired the 415 Premier apartments in Evanston, Illinois for $49,110,000 or $222,217 per unit. The acquisition closed on July 21, 2021.  Dan Cohen of CBRE represented the seller.  Peter Marino, also of CBRE, arranged the acquisition financing through Rialto Capital Management.   Read More

As the streaming media boom accelerates and drives demand for creative office space, Harbor Associates (Harbor) has completed renovations and re-introduced a 75,716 square foot creative office building to the well-established Los Angeles media and entertainment submarket of Universal/Studio City.   Harbor’s 4130 Cahuenga Boulevard, which completed a USD3.5 million renovation last month, is already […]