The Bascom Group, LLC.
INVESTOR PORTAL

Bascom Arizona Ventures

Category Details
History & Overview
  • Glenn Daiutolo, Managing Director of Bascom Arizona Ventures, LLC (“BAZV”), has over 35 years of Arizona multifamily experience.
  • Involved in over 20,000+ apartment units in Arizona.
  • Since 2004, BAZV has acquired 52 properties totaling 16,640 units, averaging 320 units per complex, with a total capitalization of $1.504B (including $188M in renovations).
  • Closed 52 out of 53 transactions (98% closing rate).
  • Completed $188M ($10,687 per unit) in renovations at or below budget and within schedule.
  • Previous partners/lenders include Oaktree Capital, Morgan Stanley, Fortress, GE Capital, KeyBank, Lehman Brothers, Mass Mutual Life/Babson Capital, Rockwood Capital, Citigroup, Comerica, and Wells Fargo.
  • Sold Phoenix multifamily portfolio (12 properties – 5,178 units) in June 2007 for a record $427.5M.
  • Small, efficient team of 5 members: Glenn, Mark Brotherton (asset manager), Bill Wright (renovations), Joe Daiutolo (acquisitions), and Marko Boyko (renovations).
Investment Strategy Repeat the highly successful value-add strategy executed in prior cycles, targeting properties requiring renovations, recapitalization, and repositioning.
Target Markets & Criteria Value Added Situations: Distressed assets, deferred maintenance, or new construction with soft absorption and lease-up challenges.

Arizona: Scottsdale, Chandler, Arrowhead Ranch, Gilbert, Tempe, East Mesa, Glendale, Flagstaff, Tucson, Prescott.

Mid-Atlantic States: Within two hours of Philadelphia.

Product Type: B to A+, 1990 and newer (will consider older).

Deal Size: Single assets over 200 units to large portfolios.

Transactions: Reviews all listed but prefers off-market. Brokers protected on new off-market deals.

Renovations: $7,000–$20,000 per unit, up to $40,000 in special cases.
Principals & Managing Partners Our managing partners bring expertise across all fundamental service disciplines, united by a shared vision and diverse perspectives that drive strong, successful leadership.
Contact Information Scottsdale Office
9933 E. Bell Rd, Suite 110
Scottsdale, AZ 85260
Tel: 480-315-1200, Extension 1

The Bascom Group, LLC.