Bascom Closes RE Fund Targeting $300M In Multifamily Buys

Law360, New York (February 26, 2014, 1:56 PM EST) -- The Bascom Group LLC has closed its second fully discretionary real estate investment fund, Bascom Value Added Apartment Investors II LLC, that will have up to $300 million in potential buying power targeting multifamily acquisitions, the California-based private equity firm said Wednesday.

Bascom said it raised $80 million in equity for the fund, which represents a blend of investments across several market categories that will target what Bascom described as value-added multifamily acquisitions across an 11-state region.

Bascom principal and fund manager Chad Sanderson said in...
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