Bascom Closes $90M Denver Deal
The apartment investor has acquired 1000 South Broadway Apartments, a 260-unit Class-A infill apartment community.
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.