The Bascom Group LLC, has closed the offering for its fifth discretionary multifamily real estate investment fund, Bascom Value Added Apartment Investors V LLC. The fund closed with equity commitments of $150 million, with leverage, providing up to $500 million of buying power. The Fund V has so far acquired 13 multifamily properties across Arizona, Texas, […]
The Discovery Cube Orange County extended its gratitude to Bascom Group and The Kim Foundation for a generous $8,500 gift on February 7, 2022. Debbie Loughran, IVP of Development, shared how this contribution directly benefited the Discovery Cube’s Teacher Development Programs, which provide training and resources to educators who work tirelessly to inspire and teach […]
Less than a week after selling an apartment complex in Canoga Park, Neil Shekhter has sold two multifamily properties in nearby Northridge for $52.5 million. Bascom Group bought the adjacent buildings at 9710 Zelzah Avenue and 17819 Superior Street for around $375,000 per unit, the firm announced on Wednesday. NMS Properties, Shekhter’s firm, has […]
IRVINE, Calif., Jan. 17, 2022 /PRNewswire/ — The Bascom Group, LLC (“Bascom”) has acquired a two-property, 140-unit multifamily portfolio located in the Northridge neighborhood of the City of Los Angeles. The properties, NMS Northridge and NMS Superior, boast large floorplans consisting of mostly two- and three-bedrooms with each unit receiving a private 2-car garage or two spaces of structured parking. The […]
A pair of Orange County developers is set to start a mixed-use project on the edge of the Inland Empire. A joint venture between Village Partners and the Bascom Group has gotten a $77 million construction loan to build a mixed-use redevelopment project with 350 residential units, the firms announced on Monday. Providence, […]
A former Bascom Analyst reflected on their time with the firm, calling it one of the most impactful experiences of their life. They expressed sincere gratitude for the mentorship and support received during their year at Bascom, highlighting the knowledge, skills, and professional growth gained along the way. The analyst shared that the culture of […]
IRVINE, Calif., Dec. 20, 2021 /PRNewswire/ — The Bascom Group, LLC (“Bascom”) has continued their acquisition spree in Texas acquiring two more apartment communities totaling 602 units. The Spencer Park Row is 390 units located near Katy in west Houston. Tranquility Lakeside is 212 units located in the city of Pearland. These acquisitions mark Bascom’s 38th multifamily property closed in Texas. Clint Duncan and Matt Phillips of […]
The Orange County School of the Arts (OCSA) expressed deep gratitude to Bascom Group for its generous gift supporting the Instrumental Music Conservatory: Frederick Fennell Wind Studies Program. Elizabeth Ton, Vice President of Development, shared how this donation directly benefits talented students by providing resources and opportunities to further their artistic education. The support helps […]
A Las Vegas apartment complex has sold for more than $135 million, the latest nine-figure purchase of a valley rental property. Starlight U.S. Residential Fund announced last month that it acquired Lyric, a 376-unit apartment complex in the south valley. Lyric, 304 E. Silverado Ranch Blvd., near Las Vegas Boulevard, boasts a karaoke […]
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 […]
