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 […]
IRVINE, Calif., July 7, 2021 /PRNewswire/ — The Bascom Group, LLC (“Bascom”) has closed a 390-unit, three-property portfolio in Las Vegas. The portfolio, consisting of Spectra at 4000, Spectra East, and Spectrum at Katie. Total cost for the portfolio was $72,000,000 or $184,806 per unit. Curt Allsop and Angela Bates with Newmark oversaw the sale. Debt financing was provided by Bridge Investment Group and arranged by Charles Halladay, Jamie […]
Jesus Adolfo Banuelos Rivera, a student in the MSRE program at the University of Colorado Boulder, shared his gratitude to Bascom Group for supporting the Bascom Case Competition. He explained that the competition was the most memorable part of his program, providing invaluable opportunities for both career and personal development. The experience gave him hands-on […]
Kyle Clinton, a student at the University of Colorado Boulder, shared his appreciation to Bascom Group for its generous gift through the Bascom Case Competition and ongoing support of the CU Real Estate Center. He expressed how fortunate he felt to be part of a program that not only challenged him academically but also fostered […]
