SoCal Investors Are Following The Yield To Denver
The Denver market seemingly exploded this cycle—but in reality, the growth was a long-time coming. The Bascom Group has been an active player in Denver since 2005 and has acquired nearly 11,000 multifamily units, including its recent purchase of Modera at Observatory Park Apartments, a 275-unit new construction apartment complex, for $92.5 million. Now, Denver has popped into a bustling city, and as a result, the market is on investor radar. We sat down with Scott McClave, senior principal of Bascom, to talk about how the market has changed since 2005 and how the firm has adapted its strategy as more investors have shown up to play.