{"id":1004126947,"date":"2015-09-04T07:43:15","date_gmt":"2015-09-04T15:43:15","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=360122"},"modified":"2022-12-08T00:31:39","modified_gmt":"2022-12-08T08:31:39","slug":"bascom-takes-denver-apartment-community-off-the-market","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/bascom-takes-denver-apartment-community-off-the-market\/","title":{"rendered":"Bascom Takes Denver Apartment Community off the Market"},"content":{"rendered":"

By Ioana Neamt, Associate Editor<\/em><\/p>\n

\"52nd<\/a><\/p>\n

52nd Marketplace – 7797 W 52nd Ave<\/em><\/p>\n<\/div>\n

The Bascom Group LLC<\/a> of Orange County, Calif. is putting its money on the Mile-High City\u2019s strong multifamily market.<\/p>\n

In an off-market transaction, Bascom acquired the 157-unit 52nd<\/sup> Marketplace apartment community in Arvada, Colo. for $21.6 million. Debt financing for the asset was arranged by CBRE<\/a>\u2019s Brian Eisendrath.<\/p>\n

Located at 7797 W. 52nd<\/sup> Ave., just eight miles west of downtown Denver, the property was previously owned by Santa Monica, Calif.-based Cooper Properties<\/a>, according to Yardi Matrix<\/a> data. The community was developed in two separate phases\u2014the first phase was completed in 1974, and the second in 2003.<\/p>\n

52nd<\/sup> Marketplace is comprised of four three- and four-story residential buildings and one stand-alone leasing center. Community amenities include a fitness center, clubhouse, business center, swimming pool, 219 parking spaces, a tennis court, and two laundry facilities. Residents also benefit from easy access to Denver\u2019s major employment corridors and Olde Town Arvada<\/a>.<\/p>\n

According to Paul Zakhary, director for The Bascom Group, the property is \u201cideally positioned in its submarket to benefit from revenue-enhancing capital improvements.\u201d<\/p>\n

\u201cArvada, Colorado and the surrounding markets continue to show strong apartment fundamentals and household economic statistics relative to other submarkets,\u201d said Julie Schoenbachler, senior vice president of Portfolio Operations for The Bascom Group. \u201c52nd<\/sup> along with the neighboring properties are all high 90s occupancy with healthy resident analytics,\u201d she explained.<\/p>\n

Image courtesy of The Bascom Group<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The Bascom Group of Orange County, Calif. is putting its money on the Mile-High City’s strong multifamily market.<\/p>\n","protected":false},"author":192,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1587,21742],"tags":[],"class_list":["post-1004126947","post","type-post","status-publish","format-standard","hentry","category-denver","category-latest"],"acf":[],"yoast_head":"\nBascom Takes Denver Apartment Community off the Market - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/bascom-takes-denver-apartment-community-off-the-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bascom Takes Denver Apartment Community off the Market\" \/>\n<meta property=\"og:description\" content=\"The Bascom Group of Orange County, Calif. is putting its money on the Mile-High City’s strong multifamily market.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/bascom-takes-denver-apartment-community-off-the-market\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-09-04T15:43:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T08:31:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/09\/263142.jpg\" \/>\n<meta name=\"author\" content=\"Ioana Neamt\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/bascom-takes-denver-apartment-community-off-the-market\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/bascom-takes-denver-apartment-community-off-the-market\\\/\"},\"author\":{\"name\":\"Ioana Neamt\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/993af2799cdaf5162633d320cf63ff16\"},\"headline\":\"Bascom Takes Denver Apartment Community off the Market\",\"datePublished\":\"2015-09-04T15:43:15+00:00\",\"dateModified\":\"2022-12-08T08:31:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/bascom-takes-denver-apartment-community-off-the-market\\\/\"},\"wordCount\":245,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/bascom-takes-denver-apartment-community-off-the-market\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/09\\\/263142.jpg\",\"articleSection\":[\"Denver\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/bascom-takes-denver-apartment-community-off-the-market\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/bascom-takes-denver-apartment-community-off-the-market\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/bascom-takes-denver-apartment-community-off-the-market\\\/\",\"name\":\"Bascom Takes Denver Apartment Community off the Market - 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