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 Expands Central Valley Portfolio to 10 Properties With Acquisition of Autumn Glen and Serena Vista Apartments

BAKERSFIELD, Calif., June 12, 2012 — Irvine, California-based The Bascom Group, LLC has acquired the Autumn Glen and Serena Vista Apartments, a two-property portfolio, consisting of 250 units in Bakersfield, California, for $18.7M. The sale closed on June 8, 2012 and expanded Bascom's p…

Premier Business Centers to Open Third Location in San Francisco at the Citigroup Center

SAN FRANCISCO, June 5, 2012 — Irvine, California-based Premier Business Centers, a leading national operator of executive suites, has signed a lease for a new executive office suite location in the heart of the Financial District which will be opening in July 2012 at One Sansome Street, Suite 350…

Julie Schoenbachler Named to OC METRO Magazine's 40 Under 40 List for 2012

Annual List to Honor O.C.'s Top Up-and-Coming Young Professionals IRVINE, Calif., May 24, 2012 — Julie Schoenbachler was recently named to OC METRO Magazine's annual 40 Under 40 List. Each year, OC METRO Magazine, Orange County's premier business and lifestyle publication, s…

Bascom Expands Texas Portfolio to 20 Properties With Acquisition of Villas at Monterey Apartments

DALLAS, April 4, 2012 — Irvine, California-based The Bascom Group, LLC has acquired Villas at Monterey, a 272-unit community in Dallas, Texas. The sale closed on March 30, 2012 and expanded Bascom's Texas portfolio to 20 properties totaling 7,181 units. The price was not disclosed. The acq…

Bascom Closes 406-Unit Apartment Community for $73,500,000 in Honolulu, Hawaii

HONOLULU, March 14, 2012 — Irvine, California-based The Bascom Group, LLC has acquired Oasis at Waipahu Apartments, a 406-unit community in Waipahu, Hawaii for $73,500,000. The sale is the largest multifamily transaction in Hawaii since 2007. The acquisition for Bascom was managed by Andrew N…

Bascom Continues Denver Buying Spree Closing 492-Unit Apartment Community in Federal Heights, Colorado for $28,250,000

IRVINE, Calif., March 13, 2012 — The Bascom Group, LLC has acquired Hyland Park Centre, a 492-unit community located in Federal Heights, Colorado for $28,250,000 or $57,419 per unit. Bascom worked with Brandon Smith and Brian Eisendrath of CBRE to arrange the financing for the purchase. Tim Shun…

Bascom Closes 128-Unit Apartment Community in Fullerton, California for $20,400,000

IRVINE, Calif., March 5, 2012 — The Bascom Group, LLC has acquired Veranda Apartment Homes, a 128-unit community located in Fullerton, California, for $20,400,000. Bascom worked with Troy Tegeler and Jeff Tong of CBRE to arrange the financing for the purchase. Brett Betzler of Moran & Co. re…

Bascom Closes a 207-Unit Apartment Community in Atlanta, Georgia for $8,100,000

IRVINE, Calif., Feb. 2, 2012 — The Bascom Group, LLC, in joint venture with BRT Realty Trust, has acquired Ivy Ridge, a 207-unit community located in Marietta, Georgia for $8,100,000. The purchase price represented a 47% discount to the seller's prior total cost basis and a 29% discount to th…

Spirit Investment Partners, LLC and The Bascom Group, LLC Create Joint Venture Dedicated to Multifamily Acquisitions

IRVINE, Calif., Jan. 13, 2012 — New York-based Spirit Investment Partners, LLC (Spirit) announced the formation of a new joint venture with Irvine, California-based The Bascom Group, LLC (Bascom). This unique joint venture, named Spirit Bascom Ventures, LLC, will focus primarily on value-ad…

Veterans First and Bascom Group Partner to Serve Thanksgiving Dinner to 150 of Orange County's Homeless Veterans

SANTA ANA, Calif., Nov. 18, 2011 — As the holiday season approaches, the Bascom group has partnered with Veterans First to provide a wonderful Thanksgiving meal for approximately 150 of Orange County's homeless veterans on Tuesday, Nov. 22, 2011 from 11:00 a.m. – 1:00 p.m. at the Vete…

The Bascom Group Exceeds $500 Million in Renovations

IRVINE, Calif., July 15, 2011 — The Bascom Group, LLC, a leading national apartment investment firm, has completed a total of $566 million in renovations on 206 multifamily communities since 1996. Aggregated, the actual completed renovation costs for the portfolio are below their original all…

Bascom Closes 840-Unit $31.65MM Portfolio in Denver, Colorado

IRVINE, Calif., June 16, 2011 — The Bascom Group, LLC, in partnership with the Carlyle Group, has acquired an 840-unit apartment portfolio in the Denver Metro region. The portfolio consists of Fairways at Lowry, a 450-unit community in Aurora, Colorado, acquired for $16,650,000 ($37,000 per un…

Bascom Group Acquires a 183-Unit Class AAA Luxury Mixed-Use Apartment Community in Downtown Dallas, Texas Through a Receivership Sale

DALLAS, April 22, 2011 — The Bascom Group, LLC ("Bascom") has acquired The Davis Building, a Class AAA luxury urban infill mixed-use property. The investment includes a 20-story high-rise building featuring a beautiful Neo-Classical facade and including 183 loft-style apartment…

Multi-family Owner, the Bascom Group, Creates a National Movement to Raise Funds and Awareness for UNICEF

With over 90 apartment communities across the country participating, the Bascom Group raises $19,000 for the US Fund for UNICEF IRVINE, Calif., Jan. 7, 2011 — In honor of the 60th Trick or Treat for UNICEF anniversary, the Bascom Group partnered with the US Fund for UNICEF in hopes of raising awaren…

The Bascom Group, LLC Reaches Milestone of 100 Real Estate Interns

IRVINE, Calif., Oct. 28, 2010 — The Bascom Group, LLC, (http://www.bascomgroup.com) a private real estate equity company with a national apartment portfolio exceeding 30,000 units, has recently achieved the milestone of training over 100 real estate interns since its founding in 1996. Basco…

The Bascom Group Wins Grand Prize in Renovations Category at the 2010 Multi-Family Executive Conference

IRVINE, Calif., Oct. 13, 2010 — The Bascom Group was awarded the grand prize in the Renovations category at the 2010 Multi-Family Executive Conference for the renovation of the Vistas at Saddle Rock, a 320-unit apartment community located in Denver, Colorado (http://www.vistasatsaddlerock.…

Bascom Group Completes All-Cash Foreclosure Auction Purchase in the Sandy Springs Submarket in Atlanta, Georgia

IRVINE, Calif., Sept. 10, 2010 — The Bascom Group, LLC ("Bascom") acquired The Parc at Dunwoody Apartments for $10.0MM ($32,051 per unit). Bascom purchased the property, all-cash, at a foreclosure sale on September 7, 2010. Parc at Dunwoody is a 312-unit Class B property constructed…

Bascom Group Acquires a Distressed 360-Unit Luxury Class A Apartment Community in San Antonio, Texas in Receivership

IRVINE, Calif., Aug. 31, 2010 — The Bascom Group, LLC ("Bascom") has acquired The Retreat at Canyon Springs Apartments, a 360-unit luxury Class A property constructed in 2001. The sale closed on August 26, 2010. The apartment community is located in the exclusive Stone Oak subdivisio…

Bascom Closes a $7,900,000 Distressed Lender Foreclosure Apartment Community in Denver, Colorado

IRVINE, Calif., Aug. 9, 2010 — The Bascom Group, LLC has acquired the Maples at Crestwood Apartments, a 300-unit community in Denver, Colorado for $7,900,000 ($26,333 per unit or $35.21 per square foot). The property previously sold in 2002 for $19,400,000. The sale closed on August 6, 2010 and ex…

The Bascom Group Pushes with Community Outreach Initiatives Despite Unstable Market Conditions

Bascom invests into communities as others are withdrawing IRVINE, Calif., April 6, 2010 — Despite harsh economic times and unpredictable budget cuts, The Bascom Group has managed to continue pushing resident retention and outreach efforts at their communities. Like others, The Bascom Group w…

Bascom Portfolio Advisors Awarded Receivership of Retail Property in Los Angeles

IRVINE, Calif., March 9, 2010 — Bascom Portfolio Advisors has been awarded another assignment by the Los Angeles Superior Court: the company's principal and founding member, Jane Hoffner, has been appointed as receiver by the Court to manage a retail property in Van Nuys, California. Loca…

The Bascom Group, LLC Increases Portfolio Net Operating Income by 11.8%

IRVINE, Calif., Feb. 23, 2010 — The Bascom Group, LLC (http://www.bascomgroup.com), a private equity company with an apartment portfolio consisting of 100 properties and 29,442 units nationwide, has successfully increased their portfolio net operating income by an impressive 11.8% or $3.0…

Project Access Names The Bascom Group as 2009 Keys to Success Award Winner

Double Bottom Line Helps Families Improve Their Lives IRVINE, Calif., Oct. 1, 2009 — The Fourth Annual Project Access "Keys to Success" Awards Dinner and silent auction, held September 26 at the Island Hotel in Newport Beach, honored community leader The Bascom Group as their 2009 Key…