Search
 

Bascom Group Acquires Multifamily Community for $28M

DENVER-Hyland Park Centre expands Bascom’s Denver portfolio to 22 properties.

By Carrie Rossenfeld | Updated on March 19, 2012

DENVER-The Bascom Group LLC has purchased Hyland Park Centre, a 492-unit apartment community located at 1800 W. 85th Avenue in Federal Heights, for $25.25 million. Mesa West Capital funded the first-mortgage debt for the acquisition, which is composed of 24 three-story apartment buildings spread out over nearly 18 acres to create a garden-style medium-density layout.

The sale expanded Bascom’s Denver portfolio to 22 properties, totaling 8,002 units, and ranking Bascom as the second-largest owner in the Denver metro. Bascom worked with Brandon Smith and Brian Eisendrath of CBRE to arrange the financing for the purchase. Tim Shunta of Unique Properties represented the buyer and seller in the transaction, and the acquisition for Bascom was managed by Bascom’s SVP Jeffrey Fuller and Paul Miskowicz.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.