Press release
The Bascom Group Launches New 506(C) Fund Offering Targeting Value-add & Distressed Apartment Acquisitions
Image: https://www.abnewswire.com/upload/2025/03/013904bdc3c66063dbc7711ba9a20bce.jpgIrvine, CA - March 25, 2025 - Bascom Value Added Apartment Investors VI, LLC ("Fund VI" or the "Fund"), which is sponsored by The Bascom Group, LLC ("Bascom"), launched a new offering of its securities pursuant to Rule 506(c) under the Securities Act of 1933, as amended. Fund VI is focused on continuing to acquire apartment properties throughout the U.S. that can be repositioned through value-add renovations, management improvements, recovery from being over leveraged and distressed, or may be trading at a significant discount.
The Fund has been actively raising capital and acquiring property assets. The Fund currently owns five apartment properties with approximately $68 million of equity invested. The Fund is seeking to raise an additional approximately $76 million in equity this offering. Since 1996, Bascom has completed over $22.0 billion in multifamily value-added transactions encompassing 365 multifamily properties and over 105,000 units.
David Kim, Managing Partner, states, "We note that certain leading real estate research firms report that apartment prices have dropped 20%-30% from their 2022 peak due to capital market dislocations, rising interest rates, and oversupply in certain markets. We believe this has created opportunities to acquire properties at a discount to peak pricing. In addition, we believe rising mortgage rates and a persistent housing shortage have made homeownership less affordable, resulting in strong demand for rentals. We expect national new housing supply to decline after 2024 and we project rents to increase steadily, which would enable investors to capitalize on inefficiencies and distressed assets in select markets."
According to the Fund VI Manager, Chad Sanderson, "The Fund sees several potentially attractive investment themes: newer constructed properties trading at discounts to replacement cost, over-leveraged properties that have performed poorly and facing loan maturities, out of favor properties/markets with attractive going in cap rates, properties that have not had the capital invested to compete with newer properties, and areas of distress emerging for certain markets and properties due to oversupply."
Joe Ferguson, Acquisitions Manager, adds, "The previously acquired properties in Fund VI were either acquired off-market or through a compromised marketing process. Currently, we believe capital market interest and apartment fundamentals vary from market to market and between product types. We believe these variances are creating a buying opportunity for inefficiently priced assets."
Please contact Chad Sanderson at (949) 955-0888 x 123 or csanderson@bascomgroup.com [mailto:csanderson@bascomgroup.com] or Joe Ferguson at (949) 955-0888 x 120 or jferguson@bascomgroup.com [mailto:jferguson@bascomgroup.com] if you would like any additional information about this investment opportunity.
About Bascom:
Bascom is a minority-owned private equity firm specializing in value-added multifamily, commercial, and non-performing loans and real estate related investments and operating companies. Bascom sources value-added and distressed properties, including many through foreclosure, bankruptcy, or short sales, and repositions them by adding capital improvements, improving revenue, and reducing expenses by realizing operational efficiencies through the implementation of institutional-quality property management. Bascom, founded by principals Derek Chen, Jerry Fink, and David Kim, is one of the most active and seasoned buyers and operators of apartment communities in the U.S. Since 1996, Bascom has completed over $22.0 billion in multifamily value-added transactions encompassing 365 multifamily properties and over 105,000 units. Bascom's commercial transaction volume is $5.8 billion in total and amounts to over 23.4 million square feet. Bascom has ranked among the top 50 multifamily owners in the U.S. Bascom's subsidiaries and joint ventures include the 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, CRES, and Realm Group. Bascom's subsidiaries also include Premier Workspaces, one of the largest privately held executive suite, coworking and shared workspace companies in the U.S.
For additional information, please visit www.bascomgroup.com [https://c212.net/c/link/?t=0&l=en&o=4373667-1&h=4153346856&u=http%3A%2F%2Fwww.bascomgroup.com%2F&a=www.bascomgroup.com].
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about the terms of the offering and other statements identified by words such as "may," "will," "should," "anticipates," "believes," "expects," "plans," "future," "intends," "could," "estimate," "predict," "projects," "targeting," "potential" or "contingent," "guidance," "outlook" or words of similar meaning. Such forward-looking statements are based upon the current beliefs and expectations of Fund VI's management and are inherently subject to significant business, economic, and competitive risks, trends, and uncertainties that could cause actual results to differ materially from those projected, expressed, or implied by such forward-looking statements.
All information set forth herein speaks only as of the date hereof in the case of information about Bascom or Fund VI or the date of such information in the case of information from persons other than Bascom, and Bascom disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication.
Media Contact
Company Name: The Bascom Group, LLC
Contact Person: Chad Sanderson
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=the-bascom-group-launches-new-506c-fund-offering-targeting-valueadd-distressed-apartment-acquisitions]
Address:7 Corporate Park, Suite 100
City: Irvine
State: CA 92606
Country: United States
Website: https://bascomgroup.com/
Legal Disclaimer: Information contained on this page is provided by an independent third-party content provider. ABNewswire makes no warranties or responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you are affiliated with this article or have any complaints or copyright issues related to this article and would like it to be removed, please contact retract@swscontact.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release The Bascom Group Launches New 506(C) Fund Offering Targeting Value-add & Distressed Apartment Acquisitions here
News-ID: 3937341 • Views: …
More Releases from ABNewswire

Keratoconus Pipeline 2025: FDA Approvals and Clinical Trials Landscape with MOA …
(Las Vegas, Nevada, United States) As per DelveInsight's assessment, globally, Keratoconus pipeline constitutes 3+ key companies continuously working towards developing 3+ Keratoconus treatment therapies, analysis of Clinical Trials, Therapies, Mechanism of Action, Route of Administration, and Developments analyzes DelveInsight.
"Keratoconus Pipeline Insight, 2025 [https://www.delveinsight.com/sample-request/keratoconus-pipeline-insight?utm_source=abnewswire&utm_medium=pressrelease&utm_campaign=gpr]" report by DelveInsight outlines comprehensive insights into the present clinical development scenario and growth prospects across the Keratoconus Market.
The Keratoconus Pipeline report embraces in-depth commercial and clinical…

Medicus Pharma Ltd. (NASDAQ: MDCX) Builds Momentum With Antev Acquisition and Pi …
In the biotech sector, meaningful news often serves as the spark that brings smaller companies into sharper investor focus. Clinical readouts, regulatory decisions, and strategic acquisitions can materially shift the outlook for a business that may have otherwise flown under the radar. These developments not only shape the future of a company's pipeline but can also reframe its value proposition in the eyes of the market. For investors, recognizing when…

Connecticut Waterproofing Services Leader Marks Nearly Five Decades of Reliable …
Eastern Waterproofing Co. Inc celebrates nearly 48 years of family-operated service in Connecticut, specializing in moisture control and basement dehumidification solutions for South Windsor, Hartford, and surrounding communities.
Eastern Waterproofing Co. Inc continues to set industry standards after nearly 48 years of providing dependable waterproofing services [https://maps.app.goo.gl/EhJ6zW2hAXsGnFdp9] throughout Connecticut. The South Windsor-based company has maintained its family-operated foundation since 1976, establishing itself as a trusted resource for homeowners and businesses facing…

Minuteman Press Reports Significant Growth in Traditional Printing Demand Amid D …
Minuteman Press reports 40% growth in traditional printing demand as businesses shift toward tangible marketing strategies, with local franchises adapting services to meet evolving customer needs nationwide.
The printing industry is experiencing a notable renaissance, with Minuteman Press [http://minuteman.com/] franchise locations nationwide reporting a 40% increase in demand for tangible marketing materials over the past 18 months. This market shift reflects a growing recognition among businesses that physical marketing materials create…
More Releases for Bascom
Bascom Group Hires Lee & Associates To Market Prime Downtown Long Beach Ground F …
Image: https://www.abnewswire.com/upload/2025/03/f92cd37e449d63f0c8439aeab2a65d5c.jpg
Irvine, California - March 24, 2025 - The Bascom Group, LLC has retained industry veterans Noel Aguirre and Sean Lieppman of Lee & Associates to market and lease a 4,100 square feet ground floor space at 200 Pine Avenue in Long Beach, California. Ideally located in the prime downtown area, the space features an adjoining 3,865 square feet lower-level space. This retail and restaurant space with patio capability is…
The Bascom Group Launches New 506c Fund Offering Targeting $500 Million In Value …
Image: https://www.abnewswire.com/upload/2025/03/d0f6b5bfc24261b16e292c46230e6bc1.jpg
Irvine, CA - March 21, 2025 - The Bascom Group, LLC ("Bascom") has launched a new 506C Fund offering that will target $500MM in value-add, discounted, and distressed apartment acquisitions. Bascom Value Added Apartment Investors VI, LLC ("Fund VI"), is Bascom's sixth private investment fund, and is seeded with five multifamily properties acquired at an average 29% discount to peak pricing. Since 1996, Bascom has completed over $22.0 billion…
The Bascom Group Acquires 257-unit Value-add Apartment Community In Rancho Palos …
Image: https://www.abnewswire.com/upload/2025/02/47e202fd897fca98a41bbfa470bd2556.jpg
Irvine, California - February 28, 2025 - The Bascom Group, LLC ("Bascom") has acquired Highridge Apartments, an irreplaceable 257-unit value-add apartment community in the highly desirable coastal community of Ranchos Palos Verdes, California. The purchase price was $127,000,000 or $494,163 per unit. Annie Rice and Jamie Kline of JLL Capital Markets arranged the debt financing for the acquisition, while AXA Investment Managers US Inc. provided the acquisition loan. The…
Agrochemicals Market Growth | Trends, Size & Forecast 2024-2031 | J.M Smucker, M …
Agrochemicals Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving…
Bascom Group Acquires 249-Unit Build to Rent Multifamily Property in Premier Bak …
Image: https://www.abnewswire.com/uploads/a857df176ccf5c6b06bb2f23f7cea733.png
Irvine, California - August 29, 2024 - The Bascom Group, LLC ("Bascom") has acquired Old River Place, a 249-unit single family residential-style, build to rent multifamily residential property located in the highly desirable Southwest submarket of Bakersfield, California. The purchase price was $ $56,633,500 or $227,444 per unit. Despite the high-interest rate environment and anemic property sale market, the property marks Bascom's sixth acquisition of 2024 and twenty sixth…
Gas Detection Equipment Market Past Research, Deep Analysis and Present Data Wit …
Gas detection can detect the presence of hazardous gases in the environment and sound an alarm, reducing the risk of an accident. Many businesses are investing in the market to boost revenue. Increasing efficiency in almost all sectors is a critical component of market expansion.
The market is being driven by the growing demand for gas detection equipment in the oil and gas industry for applications such as emergency response, fracking,…