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Bascom Expands MF Footprint in Vegas

Irvine, CA-based The Bascom Group, LLC acquired Spectrum Apartments, a 252-unit luxury apartment community in Las Vegas from an undisclosed San Francisco seller for $38.4 million. Since 2013, Bascom and its affiliates have acquired 29 multifamily properties in the Las Vegas market, totaling 9,167 units.

Spectrum was built in 2010 as a for-sale condominium development, and consists of 14 three-story buildings situated on 9.78 acres. Rental offerings include a range of one and two bedrooms, as well as townhome floor plans.

Bascom’s Scott McClave says, “We were initially drawn to Spectrum’s rare combination of institutional quality and excellent location. As the Las Vegas economy continues to strengthen, Spectrum is well positioned to benefit from new ownership and positive forward fundamentals.”

NAI Vegas’ Patrick Sauter and Art Carll brokered the sale. HFF’s Charles Halladay and Jamie Kline arranged a $27.3 million loan with Lincoln Benefit Life Company.

For comments, questions or concerns, please contact Dennis Kaiser


Inside The Story

Read more at Bascom’s McClaveConnect With Bascom GroupConnect With NAI Vegas’ Sauter

About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Sale/Acquisition
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