eNewsroom for: The Bascom Group

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The Bascom Group Company Profile

The Bascom Group (named after Bascom Hill, upon which the University of Wisconsin Business Schools sits) was founded by three University of Wisconsin alumni, Derek Chen, Jerome Fink, and David Kim in 1996 in the midst of the savings and loan meltdown. Their business plan was to acquire and re-position 300 to 500 unit apartment buildings in the midst of the foreclosure and job crisis of the early 1990s in California by creating value-added renovations and community outreach programs. In 1996, the Bascom Group acquired their first property, a 58-unit property later called Ontario Plaza. From there, they went on to develop into California, Arizona, Hawaii, the Pacific Northwest, Colorado, Utah, Texas and other select markets across the U.S.

News from The Bascom Group:

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.
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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…

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 urb…

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 Eisend…

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 fina…

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…

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. t…

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.
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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…

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…

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 arra…

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…

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 publicatio…

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 ac…

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 t…

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 Vet…

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 apartme…

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 construct…

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 subdivis…

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. Loc…

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 K…