Investment

Bascom sources value-added apartment properties of 60+ units in size and repositions them by 1) adding extensive capital improvements and 2) reducing expenses by creating operational efficiencies through the implementation of institutionalized property management. Bascom then sells the community as a stabilized asset within three to five years.

Acquisition Map

Acquisition Criteria

Property Type:	Garden Style, Mid-Rise and High Rise Apartments
Asset Class:	A+ to D
Location Quality:	A+ to C+
Property Size:	80 to 5,000 units; single asset or portfolios;
Pricing:	$5.0M to $500M+
Property Vintage:	1920’s to new construction
Investment Structure:	All cash to seller; Loan assumptions on a case-by-case basis.
Investment Objectives:	Bascom has yield requirements that are commensurate with the risks and opportunities presented by each property. Bascom focuses on sub- markets with “barriers to entry” and/or properties available below replacement cost. Additionally, we look for properties requiring a renovation or upgrade where the property’s grade or class is below that of the other competitive properties in its market.
Preferred Markets:	California, Washington, Utah, Oregon, Arizona, Hawaii, Colorado, Texas, Nevada, Georgia