eNewsroom for: Bascom Group

The Bascom Group, LLC (http://www.bascomgroup.com) is a private equity firm specializing in value-added multifamily, commercial, and non-performing loans and real estate related investments and operating companies. Bascom sources value-added and distressed properties including many through foreclosure, bankruptcy, or short sales and repositions them by adding extensive capital improvements, improving revenue, and reducing expenses by realizing operational efficiencies through implementation of institutional-quality property management. Bascom has completed over $8.5 billion in multi-family and commercial value-added transactions since 1996 including more than 230 multifamily properties containing over 63,000 units. Bascom currently ranks among the top 50 multifamily owners in the US. Bascom’s subsidiaries and joint ventures include the Southern California Industrial Fund, Rushmore Properties, Bascom Portfolio Advisors, Shubin Nadal Associates, Spirit Bascom Ventures, REDA Bascom Ventures, MHF RM Holdings, Bascom Northwest Ventures, Bascom Arizona Ventures, and the Realm Group. Bascom’s subsidiaries also include Premier Business Centers, the largest privately held executive suite company in the US.

News from Bascom Group:

Bascom Arizona Closes 123-Unit Luxury Senior Apartment Community in Prescott, Arizona

PRESCOTT, Ariz., Oct. 6, 2016 /PRNewswire/ — Bascom Arizona Ventures has acquired the Prescott Lakes Senior Community, a 123-unit luxury independent living senior apartment community for $18,000,000 or $146,341 per unit. The property is located in Prescott, Arizona in the highly desirable…

Bascom Group Closes 312-Unit Class-A Luxury Apartment Community in Las Vegas, Nevada

IRVINE, Calif., Sept. 29, 2016 /PRNewswire/ — The Bascom Group, LLC ("Bascom") has acquired Trellis Park Crossroads Apartments ("Crossroads"), a 2009 construction 312-unit luxury apartment community located at 3825 Craig Crossing Drive, North Las Vegas, NV 89032.  T…

Bascom Group Picks Up 260 Apartment Unit Community in Dallas/Fort Worth

IRVINE, Calif., Sept. 1, 2016 /PRNewswire/ — The Bascom Group, LLC ("Bascom") acquired a 260-unit multifamily community located in the desirable North Dallas city of McKinney, Texas. The transaction was brokered by Sperry Van Ness. Debt financing from EastWest Bank was arranged b…

Bascom Group Closes 152-Unit Apartment Community in Southern California

IRVINE, Calif., Aug. 5, 2016 /PRNewswire/— The Bascom Group, LLC ("Bascom") has acquired Del Flora Apartments ("Del Flora"), a 152-unit garden style apartment community located at 30598 Independence Avenue, Redlands, CA 92374.  The $22.15 million sale closed on July 2…

Bascom Group and Village Partners Form New Venture to Create Urban Infill Multifamily Developments

NEWPORT BEACH, Calif., July 5, 2016 /PRNewswire/ — The Bascom Group, LLC of Irvine, California and Village Partners, Inc. of Newport Beach, California announced the formation of a joint venture called Village Partners Ventures, LLC. Village Partners Ventures will target transit-oriented…

Bascom Group Closes 192-Unit Bay Area Apartment Community in Fremont, California for $63,000,000

IRVINE, Calif., June 30, 2016 /PRNewswire/ — The Bascom Group, LLC ("Bascom") has acquired Camden Village Apartments ("Camden Village"), a 192-unit garden style apartment community located at 38000 Camden Street, Fremont, California 94536.  The $63 million sale clo…

Bascom Group Acquires North Austin Apartment Community

IRVINE, Calif., June 6, 2016 /PRNewswire/ — The Bascom Group, LLC acquired a multifamily asset with over 300 units located in the growing North Austin city of Round Rock. The property offers residents great access to North Austin's major employment corridors. Debt financing was arranged b…

Harbor Closes Third Creative Office Acquisition in Orange County

LONG BEACH, Calif., April 18, 2016 /PRNewswire/ — Harbor Associates, LLC ("Harbor") has acquired 3 Burroughs, a 37,000 square foot former flex office building that will be transformed into a Class A creative office campus. The project is located in Irvine, California and will be reb…

Bascom Closes 43-Unit Apartment Community in Escondido, California for $7,700,000

IRVINE, Calif., April 13, 2016 /PRNewswire/ — The Bascom Group, LLC ("Bascom") has acquired Juniper Terrace, a 43-unit apartment community located at 1580 South Juniper Street in Escondido, California for $7,700,000 or $179,070 per unit or $172.00 per square foot. Olga Alworth wit…

Spirit Bascom Ventures Acquires a 838-Unit Multifamily Portfolio in Nashville

STAMFORD, Conn., Feb. 11, 2016 /PRNewswire/ — Spirit Bascom Ventures, an affiliate of Irvine, California based The Bascom Group ("Bascom"), together with funds managed by Oaktree Capital Management, L.P. ("Oaktree"), closed on a purchase of two multifamily assets tot…

Bascom Group Closes a 308-Unit Apartment Community in Henderson, Nevada

IRVINE, Calif., Nov. 25, 2015 /PRNewswire/ — The Bascom Group, LLC ("Bascom") has acquired Timberlake, a 308-unit apartment community located at 80 South Gibson Road, Henderson, Nevada in the Las Vegas Metro area.  The sale closed on November 18, 2015. Comerica Bank ("Comeric…

Bascom Closes Fourth Multifamily Acquisition Under New Private Capital Platform

IRVINE, Calif., Nov. 19, 2015 /PRNewswire/ — The Bascom Group, LLC has acquired Michigan Heights Apartments, a 28-unit community located at 2202 Michigan Avenue, Los Angeles, California for $4,950,000 or $176,786 per unit or $232 per square foot.  Debt financing was provided by CTBC Bank Corp…

Bascom/Oaktree Venture Closes 336-Unit Apartment Community in Denver, Colorado

IRVINE, Calif., Nov. 9, 2015 /PRNewswire/ — The $400 million venture ("Venture II") between The Bascom Group, LLC ("Bascom") and funds managed by Oaktree Capital Management, L.P. ("Oaktree") has acquired Axis at Nine Mile Station, a 336-unit multifamily co…

Bascom Closes 38-Unit Apartment Community in San Diego, California

IRVINE, Calif., Oct. 8, 2015 /PRNewswire/ — The Bascom Group, LLC ("Bascom") has acquired Courtyard on 68th, a 38-unit apartment community located at 4823 68th Street in San Diego, California for $7,600,000 or $200,000 per unit or $194.00 per square foot. Thomas Sherlock and Kim Les…

$300 Million Bascom/Oaktree Venture Acquires 110-Unit Luxury Condominium Rental Community in Henderson, Nevada

IRVINE, Calif., Sept. 30, 2015 /PRNewswire/ — The $300 million venture between The Bascom Group, LLC ("Bascom") and funds managed by Oaktree Capital Management, L.P.  ("Venture") has acquired Vantage, a 110-unit premier luxury rental community in the Las Vegas Metro ar…

Harbor Associates Acquires Value Add Office Building in San Diego for $5,000,000, All Cash, Plans Renovation

LONG BEACH, Calif., Sept. 3, 2015 /PRNewswire/ — Harbor Associates, LLC ("Harbor") has acquired 5280 Carroll Canyon Road, a 32,000 square foot office building located in the Sorrento Mesa submarket of San Diego, California.  Harbor purchased the project 'all-cash' in…

Bascom Group Acquires Off-Market a 157-Unit Apartment Community in Arvada, Colorado for $21,600,000

IRVINE, Calif., Sept. 3, 2015 /PRNewswire/ — The Bascom Group, LLC has acquired 52nd Marketplace, a 157-unit multifamily community located in rapidly improving submarket of Arvada, Colorado for $21,600,000.  The property, situated within the western portion of metro Denver, offers resid…

Bascom Group Acquires a 436-Unit Apartment Community in Dallas Fort Worth

IRVINE, Calif., Aug. 26, 2015 /PRNewswire/ — The Bascom Group, LLC acquired Towns of Riverside, a 436-unit multifamily community located in the desirable Grand Prairie submarket of Dallas/Fort Worth. The property, centrally located in the DFW metro, offers residents convenient access to al…

Bascom Closes 44-Unit Mixed Use Apartment Community in Santa Ana, California

IRVINE, Calif., Aug. 14, 2015 /PRNewswire/ — The Bascom Group, LLC has acquired Southtown at Main Apartments, a 44-unit apartment community with 4 retail tenant spaces located at 2140 South Main Street, Santa Ana, California for $8,550,000. A new loan was financed by CTBC Bank. Peter Hauser and…

Bascom Closes 344-Unit Senior Apartment Community in Fontana, California

IRVINE, Calif., July 31, 2015 /PRNewswire/ — The Bascom Group, LLC ("Bascom") has acquired the Courtyard Senior Apartments, a 344-unit independent living senior apartment community located at 8185 Palmetto Avenue in Fontana, California for $31,150,000, or $90,552 per unit.  Ga…

Bascom Group Closes 112 Unit Apartment Community in Downey, California

IRVINE, Calif., July 21, 2015 /PRNewswire/ — The Bascom Group, LLC ("Bascom") has acquired The Square Apartments ("The Square"), a 112-unit garden style apartment community located at 12517 Brookshire Avenue, Downey, California. The $25.5 million sale closed on July…

Bascom Group Acquires 183-Unit Senior Apartment Community for $10,350,000 in Las Vegas, Nevada

IRVINE, Calif., May 28, 2015 /PRNewswire/ — The Bascom Group, LLC acquired the 183-unit Boulder Palms Senior Apartments located at 4350 Boulder Highway, Las Vegas, Nevada for $10,350,000. Debt financing was provided by One West Bank and arranged by Brian Eisendrath and Brandon Smith of CBRE Ca…

Bascom Closes Third Multifamily Acquisition Under New Private Capital Platform

IRVINE, Calif., May 19, 2015 /PRNewswire/ — The Bascom Group, LLC has acquired Rose Villas Apartments, an 18-unit community located at 1207 Rose Avenue, Long Beach, California for $2,705,610 or $150,312 per unit and $204 per square foot. This is the third acquisition under Bascom's new Pr…

$300 Million Bascom/Oaktree Venture Closes 288-Unit Apartment Community in Henderson, Nevada

IRVINE, Calif., March 31, 2015 /PRNewswire/ — The $300 million venture between The Bascom Group, LLC ("Bascom") and funds managed by Oaktree Capital Management, L.P.  ("Venture") has acquired Villa Serena, a 288-unit apartment property located at 325 North Gibson Roa…

Bascom and Harbor Form New Commercial Value-Add Partnership

Venture will target innovative office property renovation opportunities in Southern California LONG BEACH, Calif., March 30, 2015 /PRNewswire/ — The Bascom Group ("Bascom") of Irvine, CA and Harbor Associates Ventures ("Harbor") of Long Beach, CA announced the forma…

Bascom Group/Carlyle Realty Close $45.1 Million 220-Unit Class A Apartment in the San Francisco Bay Area

IRVINE, Calif., March 23, 2015 /PRNewswire/ — The Bascom Group, LLC ("Bascom") and funds managed by Carlyle Realty Partners ("Venture") have acquired Bridgecourt Apartments ("Bridgecourt"), a 220-unit Class A apartment community with five ground floor r…

$250 Million Bascom/Oaktree Venture Closes 480-Unit Apartment Community in Dallas Suburb

IRVINE, Calif., Feb. 19, 2015 /PRNewswire/ — The $250 million venture by Bascom and funds managed by Oaktree Capital Management, L.P.  ("Venture") has acquired The Timber Links ("Timber Links"), a 480-unit apartment community located at 5201 Par Drive, Denton, Texas.…

Spirit Bascom Ventures Acquires 232-Unit Apartment Community in Sandy Springs, Georgia

NEW YORK, Nov. 13, 2014 /PRNewswire/ — Spirit Bascom Ventures, an affiliate of Irvine, California based The Bascom Group ("Bascom"), together with funds managed by Oaktree Capital Management, L.P. ("Oaktree"), has acquired The Laurels at Overlook Park ("Laurel…

$250 Million Bascom/Oaktree Venture Closes 408-Unit Luxury Apartment Community in Glendale, Arizona

SCOTTSDALE, Ariz., Nov. 7, 2014 /PRNewswire/ — The $250 million venture by The Bascom Group, LLC and funds managed by Oaktree Capital Management, L.P. ("Venture") has acquired Indigo Creek Apartments, a 408-unit luxury community located in Glendale, Arizona for $40,500,000.  Ba…

Bascom Closes 89-Unit Luxury Loft Style Apartment Community in San Pedro, California

IRVINE, Calif., Oct. 29, 2014 /PRNewswire/ — The Bascom Group, LLC has acquired San Pedro Bank Lofts, a luxurious 89-unit condominium-mapped, loft style apartment community located at 407-409 West 7th Street, San Pedro, California, for $23,800,000, or $267,416 per unit. Brian Eisendrath an…

Bascom Group Closes $8.45 Million 112-Unit Apartment Community in Denver, Colorado

IRVINE, Calif., Oct. 23, 2014 /PRNewswire/ — The Bascom Group, LLC has acquired the 112-unit Skyline View apartment community located at 456 South Ironton Street in the Denver Metro submarket of Aurora, Colorado on October 10, 2014 for $8,450,000.  Debt financing was provided by One West Bank a…

Bascom Group/Carlyle Realty Close $39.9 Million 584-Unit Apartment Portfolio in Las Vegas, Nevada

IRVINE, Calif., Oct. 15, 2014 /PRNewswire/ — The Bascom Group, LLC and funds managed by Carlyle Realty VII, L.P. ("Venture") have acquired a two property portfolio totaling 584 units in Las Vegas, Nevada.  The purchase price was $39.9 million.  The Venture assumed $27.1 million of e…

Bascom Group Acquires Apartments in Downtown Santa Ana, Plans to Upgrade Interiors to Contribute to Community's Positive Growth

Along with Bascom, numerous other developers have completed renovations in order to accommodate Santa Ana's young entrepreneurs and professionals IRVINE, Calif., Aug. 21, 2014 /PRNewswire/ — The Bascom Group, LLC has acquired 5th Street Apartments, a 38-unit community located at 701 E…

$250 Million Bascom/Oaktree Venture Closes 444-Unit Apartment Community In Tallahassee, Florida

IRVINE, Calif., Aug. 15, 2014 /PRNewswire/ — The $250 million venture by Bascom and funds managed by Oaktree Capital Management, L.P. ("Venture") has acquired The Reserve at Heritage Oaks ("Heritage Oaks"), a 444-unit apartment community located at 3909 Reserve Drive…

$250 Million Bascom/Oaktree Venture Closes 296-Unit Apartment Community in Henderson, Nevada

IRVINE, Calif., Aug. 1, 2014 /PRNewswire/ — The $250 million venture by Bascom (http://www.bascomgroup.com) and funds managed by Oaktree Capital Management, L.P.  ("Venture") has acquired The Edge at Traverse Point ("The Edge"), a 296-unit Class 'A' apar…

Real Estate Development Associates Breaks Ground on 500,000 Square Feet of Speculative Industrial Development in Southern California

NEWPORT BEACH, Calif., July 24, 2014 /PRNewswire/ — REDA Bascom Ventures, LLC ("REDA"), a joint venture between Newport Beach, California-based Real Estate Development Associates, LLC and Irvine, California-based The Bascom Group, LLC, started construction on two separate sp…

Bascom and Oaktree Partner in $250 Million Venture, Closing The Springs, a 320-Unit Southern California Apartment Community

IRVINE, Calif., July 2, 2014 /PRNewswire/ — The Bascom Group, LLC ("Bascom") and certain funds managed by Oaktree Capital Management, L.P. ("Oaktree") have structured a new venture to acquire $250 million in value-added multifamily properties throughout the United S…

Bascom Group Acquires a 252-unit Apartment Community in Houston

IRVINE, Calif., June 18, 2014 /PRNewswire/ — The Bascom Group, LLC has acquired Sierra at Fall Creek, a 252-unit multifamily community located in the highly desirable master planned community of Fall Creek in northeast Houston. Debt financing was provided by California Bank and Trust and arran…

Bascom Closes First Multifamily Acquisition Under New Private Capital Platform

Bascom's focus on smaller, value-add properties results in acquisition of multifamily Los Angeles property Amabel Townhomes. IRVINE, Calif., May 29, 2014 /PRNewswire/ — The Bascom Group, LLC, has acquired Amabel Townhomes, a 13-unit community located at 309 Amabel Street, Los Angeles…

Bascom Closes 138-Unit Apartment Community in Whittier, California

IRVINE, Calif., April 4, 2014 /PRNewswire/ — The Bascom Group, LLC has acquired Four Winds Apartments, a 138-unit garden style community located at 8121 Broadway Avenue, Whittier, California for $13,400,000 or $97,101 per unit. Debt financing was arranged by Brian Eisendrath of CBRE. Photo &#…

Bascom Acquires 222-Unit Class "A" Apartment Community in Las Vegas, Nevada

IRVINE, Calif., March 28, 2014 /PRNewswire/ — The Bascom Group, LLC has acquired Chapel Hill, a 222 Class-A garden style apartment community located at 9620 West Russell Road, Las Vegas, Nevada for $22,470,000, or $101,216 per unit.  The sale was brokered by Chris Bentley and Melissa Salas of A…

Bascom Closes Discretionary Fund II Targeted For $300 Million Of Value Added Multifamily Acquisitions

New fund represents blend of investments across several market categories IRVINE, Calif., Feb. 26, 2014 /PRNewswire/ — The Bascom Group, LLC has successfully closed its second fully discretionary real estate investment fund. The fund, Bascom Value Added Apartment Investors II, LLC, provid…

Bascom Closes 114-Unit Apartment Community In Huntington Beach, California

IRVINE, Calif., Feb. 12, 2014 /PRNewswire/ — The Bascom Group, LLC has acquired Huntington Villas Apartments, a 114-unit apartment community located at 16171 Springdale Street in Huntington Beach, California for $19,000,000, or $166,667 per unit.  Gary Mozer and Katie Rodd of George Smith P…

Bascom Closes 624-Unit Class "A" Apartment Community in Las Vegas, Nevada

IRVINE, Calif., Nov. 6, 2013 /PRNewswire/ — The Bascom Group, LLC ("Bascom") has acquired the Eagle Crest Apartments, a 624-unit Class-A garden style multifamily community located at 5850 Sky Pointe Drive, Las Vegas, Nevada.  The property was listed and sold by Spencer Ballif of C…

REDA Bascom Ventures Acquires 16 Acres of Development Land in Fontana, California

Site to be developed into state-of-the-art industrial / distribution building containing 350,000 square feet NEWPORT BEACH, Calif., Oct. 16, 2013 /PRNewswire/ — REDA Bascom Ventures, a joint venture between Newport Beach, California based Real Estate Development Associates, LLC and Irvin…

Realm Group Begins Construction on 349-Unit Transit-Oriented Apartment Development in Downtown Pomona, California

NEWPORT BEACH, Calif. and POMONA, Calif., Aug. 21, 2013 /PRNewswire/ — Newport Beach, California based Realm Group, LLC has obtained debt financing and started construction on Monterey Station, a 349-unit transit oriented apartment development on 6.5 acres in downtown Pomona.  The urban i…

Bascom Arizona Closes 226-Unit Luxury Apartment Community in Prescott Valley, Arizona

PRESCOTT, Ariz., July 25, 2013 /PRNewswire/ — Bascom Arizona Ventures has acquired The Terraces at Glassford Hill Apartments, an off-market, 226-unit luxury community located in Prescott Valley, Arizona for $22.385M or $99,049 per unit.  Bascom Arizona Ventures worked with Brian Eisendr…

Bascom Closes 121-Unit Apartment Community in Campbell, California

IRVINE, Calif., July 2, 2013 /PRNewswire/ — The Bascom Group, LLC has acquired Campbell Plaza Apartments, a 121-unit garden style community located at 710 Nido Drive, Campbell, California for $27,600,000 or $228,099 per unit.  Bascom worked with Brian Eisendrath of CBRE to arrange the finan…

Bascom Arizona Closes 432-Unit Luxury Apartment Community in Phoenix, Arizona

PHOENIX, June 18, 2013 /PRNewswire/ — Bascom Arizona Ventures has acquired Arcadia Cove Apartments, a 432-unit luxury community located in Phoenix, AZ for an undisclosed price.  Bascom Arizona Ventures worked with Brian Eisendrath and Brandon Smith of CBRE to arrange the financing for the p…

REDA Bascom Ventures Acquires Infill Redevelopment Site in Commerce, California

NEWPORT BEACH, Calif., June 11, 2013 /PRNewswire/ — REDA Bascom Ventures, a joint venture between Newport Beach, California based Real Estate Development Associates, LLC and Irvine, California based The Bascom Group, LLC teamed up with Seattle-based Washington Capital Management, Inc. to…

Bascom Closes 175-Unit Apartment Community in Palm Springs, CA

IRVINE, Calif., June 11, 2013 /PRNewswire/ — The Bascom Group, LLC has acquired Andalucia Apartments, a 175-unit community located in Palm Springs, CA for an undisclosed price.  Bascom worked with Brian Eisendrath of CBRE to arrange the financing for the purchase. (Photo: http://photos.pr…

Veterans First and The Bascom Group, LLC Honor Veteran's Day With a Celebratory Luncheon for Orange County's Homeless and At-Risk Veterans

SANTA ANA, Calif., Nov. 16, 2012 /PRNewswire/ — In celebration of the Veteran's Day Holiday, The Bascom Group, LLC partnered with Veterans First for the second year in a row in providing a commemorative luncheon for homeless and at-risk veterans. Held on Friday, Nov. 9, 2012 from 11:00 a.m…

Bascom Closes Off-Market 228-Unit Apartment Community in Westminster, Colorado for $16,614,000

IRVINE, Calif., Oct. 4, 2012 /PRNewswire/ — The Bascom Group, LLC has acquired Park Place at 92nd, a 228-unit apartment community in Westminster, Colorado for $16,614,000 or $72,868 per unit. Built in 1974,  Park Place has a unit mix consisting of 37% one bedrooms, 47% two bedrooms, and 16% three b…

Bascom Arizona Ventures Invests in Avondale, Closes on 301-Unit Class-A Community for $27.2M

SCOTTSDALE, Ariz., Sept. 5, 2012 /PRNewswire/ — Bascom Arizona Ventures has newly acquired Coldwater Springs Apartments, a 301-unit community located in Avondale, Arizona for $27.2M or $90,365 per unit.  Bascom Arizona Ventures worked with Brandon Smith and Brian Eisendrath of CBRE to arran…