Established in 1996, the Bascom Group is a reputable private equity firm known for its specialization in value-added multifamily, commercial, and non-performing loans and real estate-related investments and operating companies. With its headquarters located at 7 Corporate Park Suite 100, Irvine, CA 92606, US, the company primarily operates within the real estate industry.
The Bascom Group was founded by principals Derek Chen, Jerry Fink, and David Kim, who are among the most active and seasoned buyers and operators of apartment communities in the United States. Over the years, the company has built an impressive portfolio, completing over $21 billion in multifamily value-added transactions encompassing over 350 multifamily properties and 100,000 units. This accomplishment has earned Bascom a place among the top 50 multifamily owners in the United States.
A key strategy employed by the Bascom Group is to source value-added and distressed properties, including many through foreclosure, bankruptcy, or short sales. The company then repositions these properties by investing in extensive capital improvements, enhancing revenue, and reducing expenses by realizing operational efficiencies through the implementation of institutional-quality property management.
The Bascom Group's expertise extends to its numerous subsidiaries and joint ventures, which include 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.
One of Bascom's noteworthy subsidiaries is Premier Workspaces, which ranks as one of the largest privately held executive suite, coworking, and shared workspace companies in the United States. This subsidiary, along with the others, demonstrates the group's diverse capabilities and commitment to delivering exceptional value across various real estate sectors.
In conclusion, the Bascom Group's impressive track record and extensive industry experience make it a highly respected player within the real estate market. Through its strategic approach to sourcing and repositioning properties, as well as its diverse range of subsidiaries and joint ventures, the company continues to create value for its investors and partners.