Resources
Press Releases
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 speculative industrial development projects totaling 500,000 square feet in Southern California. REDA was formed in 2013 to acquire value-added office and industrial opportunities throughout Southern California. Read More
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 States. The venture was launched with its first acquisition, The Springs Apartments (“Springs”), a 320-unit garden style community located at 650 Ebbcreek Drive, Corona, California. The Springs closed on June 25, 2014 for $43,200,000. Read More
2014 MFE Top 25 Renovators List
The Bascom Group ranks #1 for 2013 units renovated. Read More
Bascom Closes on 138-Unit Community in Whittier, Calif.
Irvine, Calif.—The Bascom Group LLC has announced that it has acquired Four Winds Apartments in the South Los Angeles County city of Whittier, Calif. for a price of $13.4 million or $97,101 per unit. The 138-unit, garden-style community is located at 8121 Broadway Avenue in Whittier and marks The Bascom Group’s second purchase in Southern California in that past two months. Debt financing for the acquisition was arranged by CBRE’s Brian Eisendrath. Read More
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 ARA. Debt financing was provided by Comerica Bank and arranged by Brian Eisendrath and Troy Tegeler of CBRE Capital Markets. Read More
There’s Also Gold Outside the Box
IRVINE, CA—Finding a niche that the masses either haven’t yet discovered or aren’t interested in is one way to increase yield. For the Bascom Group LLC, focusing on class-B and –C properties has been a successful niche for one of its fund, says Chad Sanderson, a principal in business acquisitions and development for the firm. Read More