Bascom Asset
DENVER-The Bascom Group of Irvine, CA and the Carlyle Group have acquired a portfolio of two properties totaling 840 units in the Denver Metro region in this week’s roundup of commercial real estate news in the West. The portfolio consists of Fairways at Lowry, a 450-unit complex in Aurora, CO acquired for $16.65 million and the 390-unit Village at Coronado in Thornton, CO acquired for $15 million. The portfolio was an all-cash sale and was managed for Bascom by Scott McClave and Jeff Fuller. Both properties were subsequently refinanced with new loans through Freddie Mac. Debt financing was arranged by Brian Eisendrath and Justin Arquilla of CB Richard Ellis.
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