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Brokerage
Posted: September 13, 2010
Bascom Group acquires 300-unit apartment community for $7.9 million in Denver
The Bascom Group, LLC has acquired the Maples at Crestwood Apartments, a 300-unit community for $7.9 million. The property previously sold in 2002 for $19.4 million. The sale expanded Bascom's Denver portfolio to 21 properties totaling 7,500 units. Tim Shunta from Unique Properties represented both seller and buyer. The acquisition for Bascom was managed by Jeffrey Fuller and Han Jang and debt financing was arranged by Gary Mozer and Joshua Roseman from George Smith Partners. The onsite property management will be overseen by Griffis Blessing.
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