For additional information, please visit If you would like further information, please call James D'Argenio at 94 ext. Bascom's subsidiaries also include Premier Workspaces, one of the largest privately held executive suite, coworking and shared workspace companies in the U.S. Bascom's subsidiaries and joint ventures include the Bascom Value Added Apartment Investors, Shubin Nadal Associates, Spirit Bascom Ventures, REDA Bascom Ventures, Bascom Northwest Ventures, Bascom Arizona Ventures, Harbor Associates, Village Partners Ventures, and the Realm Group. Bascom has ranked among the top 50 multifamily owners in the U.S. Since 1996, Bascom has completed over $19.7 billion in multifamily value-added transactions encompassing 343 multifamily properties and over 88,630 units. Bascom, founded by principals Jerry Fink, David Kim, and Derek Chen, is one of the most active and seasoned buyers and operators of apartment communities in the U.S. 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. The Bascom Group, LLC ( ) is a private equity firm specializing in value-added multifamily, commercial, and non-performing loans and real estate related investments and operating companies. Houston is expected to have the third largest employment growth in the US from 2021-2026 and is expected to have the largest population gain in the US from 2021-2026. Houston has absorbed approximately 34,000 units year to date. With 52% of the units in original condition, this acquisition presents a tremendous opportunity to physically reposition the assets.ĭemand for Houston multifamily accelerated dramatically in the second half of 2021. Combining this with an abundance of outdoor greenspace, these properties offer the ideal features desired by today's renters. The properties were built in 20 with oversized floorplans and 64% of the units are two- and three-bedroom units. James D'Argenio and Chang Liu sourced and managed the acquisition for Bascom.
Wood for its floors was salvaged from several historic barns, with some boards making up the original threshing floor.
We provide provide stimulating experiences in the visual arts. SD Cap will provide construction management and Stonemark Management will provide property management. The Bascom’s flagship is a 30,000 square foot building made from reclaimed hand-hewn barn wood. At The Bascom, children and adults explore and learn about art, both indoors and outdoors.
Oaktree Real Estate Debt Fund III, LLC provided the debt financing for the acquisition and was arranged by Michael Thompson and Travis Fincher from CBRE. These acquisitions mark Bascom's 38th multifamily property closed in Texas.Ĭlint Duncan and Matt Phillips of CBRE represented the seller in the transaction. Tranquility Lakeside is 212 units located in the city of Pearland. The Spencer Park Row is 390 units located near Katy in west Houston. 20, 2021 /PRNewswire/ - The Bascom Group, LLC ("Bascom") has continued their acquisition spree in Texas acquiring two more apartment communities totaling 602 units.
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