| 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).
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| Investment Strategy |
Repeat the highly successful value-add strategy executed in prior cycles, targeting properties requiring
renovations, recapitalization, and repositioning.
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| 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.
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| 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.
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| Contact Information |
Scottsdale Office
9933 E. Bell Rd, Suite 110
Scottsdale, AZ 85260
Tel: 480-315-1200, Extension 1
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