Bascom adds apartments in Denver

Per-unit cost tops $83,000

The Bascom Group LLC recently acquired the Regis Place Apartments in Denver, Colo., for a price of $10.6 million. The property, located at 4703 West 52nd Ave., is a 127-unit, garden-style apartment community located in the city's Mountain View neighborhood. The complex spans approximately six acres and includes a fitness center, business center, tot lot, heated swimming pool, and spa. Regis Place Ltd., a Colorado limited partnership, sold the property, which was constructed in two phases in 1999 and 2002. The unit mix includes 61 two-bedroom/one-bathroom units, 30 three-bedroom/one-and-a-quarter-bathroom units, and 36 four-bedroom/two-bathroom townhouses. Bascom is a private equity firm based in Orange County, Calif., and has acquired more than 39,000 units at more than 157 properties. ...