Bascom adds apartments in Denver

Per-unit cost tops $83,000

Don't miss the real estate event of the summer
Join 4,000 real estate pros at Connect SF, Aug 7‑11, 2017

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. ...