Bascom grows presence in Denver

The Bascom Group LLC on Thursday announced its third multifamily acquisition in the Denver, Colo., area since June of this year with the recent purchase of Mountain Crest Apartments in Thornton.

Bascom bought the 390-unit community from San Diego, Calif.-based Professors Capital for a price of $16 million, or $41,025 per unit. The company now owns 17 multifamily properties in the Denver metro area.

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