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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 […]

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 […]

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 […]