About Us

History and Overview of Bascom

Since The Bascom Group’s formation in 1996, the firm has completed over $21 billion in multi-family and over $4 billion in commercial value-added transactions, totaling more than 100,000 multifamily units transacted. Bascom’s apartment program typically seeks value-added properties with in-fill locations and repositions them by adding extensive capital improvements, improving rents, reducing expenses and implementing institutional-quality property management.

 Bascom has also funded the launch or acquisition of several additional operating companies which include:

Bascom facilitates the acquisition process including financial structuring, due diligence, strategic planning, executive incentive structuring, and legal issues.

Our Mission

To protect and preserve capital while investing in assets and businesses with growth potential. We look to innovate and pursue creative operating solutions, commit to our employees and management talent, and operate with the highest level of integrity, honesty and fairness.

Management Strategy

To acquire the best fitting manager for the specific investment, and establish clear roles, goals, and expectations. Bascom also seeks to reinforce an alignment of interests, authority and accountability.

Key Personnel

Derek M.D. Chen, Co-Founder and Managing Director of The Bascom Group
Mr. Chen oversees corporate finance and strategic development. Mr. Chen is also the founder and the Chief Executive Officer of Chenco Holding Company, LLC, a firm specializing in asset management, merchant banking and specialty real estate development. He is also the CEO of Chenco International Investment Corporation and actively supervised various development projects, including one of the largest single-phase office/warehouse developments in Las Vegas and the master planning and development of a 60-acre mixed-use project in Henderson, Nevada. He is also the Chairman of Chenco Asia Corporation and President of Aquariums International Corporation, a private corporation that develops world-class aquarium theme centers. Mr. Chen also serves on the Board of Directors for the Asian Chamber of Commerce in Nevada and on the Advisory Board of Directors for Cathay Bank. Mr. Chen holds a Bachelor of Science in Business Management, Summa cum Laude, from Eastern Michigan University; a Master of Business Administration in Real Estate; and a Master of Science in Finance from the University of Wisconsin-Madison. Mr. Chen was awarded the “Apartment Executive of the Year” by the Real Estate Conference Group’s Apartments 2004, the industry’s largest and most prestigious multifamily conference on the West Coast.

Jerome A. Fink, Co-Founder and Managing Partner of The Bascom Group
Mr. Fink oversees property acquisition, financing, and disposition. Prior to founding Bascom, Mr. Fink acted as Senior Acquisitions and Sales Manager from 1991 to 1995 for Pacific Mutual Life Insurance Company. His responsibilities included market assessment, property identification and negotiation, and the acquisition and disposition of real estate investments. Mr. Fink holds a Bachelor of Science in Electrical and Computer Engineering and a Master of Business Administration in Real Estate and Finance from the University of Wisconsin-Madison. He is a member of the Institute of Real Estate Managements (IREM) and Turnaround Management Association (TMA). Mr. Fink is a licensed real estate broker in the state of California, a Certified Commercial Investment Member (CCIM), a Certified Property Manager (CPM), a Certified Mergers & Acquisitions Advisor (CM&AA), and a Certified Turnaround Professional (CTP). He has appeared as a guest speaker at various functions, including those for the Urban Land Institute, University of California Los Angeles and Irvine, University of Southern California, and other assorted industry events. Mr. Fink previously served on the Board of Directors for the Wisconsin Real Estate Alumni Association and is currently a member of the USC Lusk Center for Real Estate Executive Committee. He is also a member of the Young Presidents Organization (YPO) and serves on the local chapter’s board as well as the Real Estate Network’s Executive Committee.

In 2004, Mr. Fink was awarded the Apartment Executive of the Year by the Real Estate Conference Group, the industry’s largest and most prestigious multifamily conference on the West Coast, and was later awarded the Rising Star award by the University of California Irvine Center for Real Estate in 2008. Mr. Fink was also recognized in the 2011 Multi-Family Executive Magazine.

David S. Kim, Co-Founder and Managing Partner of The Bascom Group
Mr. Kim oversees the development, portfolio management and overall operations for The Bascom Group. His responsibilities include supervising The Bascom Group’s portfolio team in key revenue growth initiatives and expense programs, as well as lender and equity relationships, new ventures, market expansion, and business development.

Mr. Kim has led the company through the repositioning of over 300 property sites totaling $800 million in renovations over the firm’s 26 year history. He has developed and refined the extensive system of financial reporting and oversight for achieving operational goals for each property and investor portfolio.

Other key business development initiatives include social outreach, focused on Health, Wealth, Education and Lifestyle, in an effort to increase a competitive advantages for its residents at the neighborhood and community level. In conjunction with these social outreach programs, Mr. Kim created region-specific performance incentive programs, or “PIP”, aimed at enhancing managers good will, and an enhanced sense of relevance and purpose.

Prior to founding The Bascom Group, Mr. Kim served as a Senior Analyst and Development Associate, from 1989 to 1995, for the Disney Development Company, a wholly owned subsidiary of The Walt Disney Company, where he was responsible for business development and analysis of more than $400 million in retail, office, entertainment, and residential projects. In addition, prior to joining the Disney Development Company, Mr. Kim served as Portfolio Associate with the State of Wisconsin Investment Board, a multi-billion dollar pension fund, investing on behalf of state employees.

Mr. Kim holds Bachelor of Business Administration degree in Real Estate & Urban Land Economics and in Marketing from the University of Wisconsin-Madison, and has attended executive level programs at the Massachusetts Institute of Technology. He often serves as guest lecturer guest speaker at the University of Wisconsin-Madison, University of Colorado, University of Southern California, University of California Los Angeles and Irvine. Mr. Kim previously served as a director and treasurer for the Wisconsin Real Estate Alumni Association.

In 2004, Mr. Kim was awarded Apartment Executive of the Year by the Real Estate Conference Group, the industry’s largest and most prestigious multifamily conference on the West Coast. Mr. Kim is currently a member of the Young President’s Organization (YPO) and the University of California, Irvine Board of Advisors for the Center for Real Estate where he received the distinguished Rising Star award in 2008. Mr. Kim currently serves on the Southern California Board for UNICEF and is on the board of the Rattle Building Corporation and University of Colorado Center for Real Estate. Mr. Kim was a recipient of the 2010 Orange County Business Journal’s Entrepreneurship of the Year Award and was recognized in the 2011 Multi-Family Executive Magazine. In 2016, Mr. Kim was awarded with the prestigious Entrepreneur of the Year Award by Ernst & Young.

Chad R. Sanderson, Senior Principal of Business Development & Acquisitions at The Bascom Group
Mr. Sanderson is responsible for identifying new multifamily investment opportunities in the West Coast markets. Additionally, he oversees several investment vehicles that are part of Bascom’s $1.0 billion private capital markets program. Mr. Sanderson played a key role in the expansion of Bascom’s multifamily platform into several new markets. He has been involved with the funding, restructuring, refinancing, disposition and direct acquisition of over $2.9 billion in multifamily value-added investments, including several lender REOs, foreclosures and other distressed assets totaling 19,000 units. Mr. Sanderson has managed the acquisition of over 13,400 units with a total cost of over $1.4 billion.

Prior to joining Bascom, Mr. Sanderson provided project management and construction consulting for the architectural engineering firm Carter & Burgess, as well as business development and marketing for various other firms. Mr. Sanderson holds a Bachelor of Science in Business Administration from the University of Wisconsin-Eau Claire and a Master of Science in Real Estate and Urban Land Economics from the University of Wisconsin-Madison. Mr. Sanderson was a member of the Applied Securities Analysis Program and has served as a moderator and panelist at several prominent real estate conferences. He is a guest lecturer at the University of Wisconsin-Madison, University of Southern California, and University of California, Irvine.