Bascom Northwest Ventures has acquired 1000 South Broadway Apartments, a 260-unit Class-A infill apartment community in Denver for $90.5 million, or $348,076 per unit.

Bascom purchased the property with investment proceeds derived from the sale of a successful 15-year investment in an urban infill property in Bellevue, Washington. It also secured a $54.50 million loan with Wells Fargo Bank, which was arranged by Terry Daly of Cushman & Wakefield.

The property was built in 2015 and is located in Wash Park with convenient proximity to Denver's major retail, restaurant and employment centers.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

Denver
Multifamily
Capital Markets