Real Estate Forum: Forum 100
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The Bascom Group
Owner/Investor | Rank: # 18 (Score: 123 )
        *Category Ranking
Company:   The Bascom Group    
Address: 42 Corporate Park, Suite 200  
City: Irvine  
State: CA  
Zip:   92606  
Phone: 949.955.0888  
Fax: 949.955.0188  
Email: csanderson@bascomgroup.com  
Website: http://www.bascomgroup.com  
Key Executive    
1. Name: Derek M.D. Chen  
    Title: Managing Principles  
2. Name: Jerome A. Fink    
    Title: Managing Principles  
3. Name: David S. Kim    
    Title: Managing Principles  
4. Name:  
    Title:  
*Number of Offices: 4 15
*Number of Employees: 27 41
*Gross Revenues Fiscal Year 2006: 181.1 million 21
*Projected Revenues Fiscal Year 2007: 210.0 million 15
Selected Areas of Specialization: Value Added Multifamily Investments  
Company Overview: THE BASCOM GROUP, LLC – In 1996 Derek Chen, Jerome Fink, and David Kim founded The Bascom Group, LLC (“Bascom”) as a private equity firm in Orange County, California, specializing in value-added multifamily real estate investments. Bascom sources value-added apartment properties of 60+ units in size and repositions them by adding extensive capital improvements and reducing expenses by realizing opera-tional efficiencies through the implementation of institutional-quality property management. The reposi-tioning improves the quality of life for tenants – adding value to the community – which results in a higher value for the property. After holding the property for three to five years, Bascom will sell the stabilized asset to investors seeking a steady cash flow stream. To date, Bascom has completed transactions totaling over $5.26 billion, including approximately $541 million in acquisitions in 2007. Total transaction volume in 2006 totaled $1,028,213,032. Bascom has been an active buyer of multifamily properties in California, Colorado, Washington, Hawaii, Nevada, Arizona, Utah, Georgia, and Texas, acquiring nearly 47,000 units distributed amongst 183 properties to date. Bascom, through its joint ventures with the Southern California Industrial Fund LLC and Rushmore Properties, LLC, has acquired more than 1.46 million square feet of commercial properties nationwide.  
*Total Portfolio Size: $2,326,379,915 13
Number of buildings: 111  
Square Footage: 26,938,399  
Number of Units/Rooms: 32,236  
*Total Value of Portfolio: 3. billion 18
Percentage by Property Type:    
Office: 4 %  
Industrial: 0 %  
Retail: 0 %  
Apartments: 96 %  
Hotels: 0 %  
Other: 0 %  
(Please specify)  
Percentage by Geographic Area:    
Northeast: 0 %  
Southeast: 12 %  
Midwest: 0 %  
Southwest: 23 %  
West: 65 %  
International: 0 %  
Total Acquisitions in 2006:    
Number of buildings: 41  
Square Footage: 10,829,981  
Number of Units/Rooms: 13,414  
Total Value of Acquisitions in 2006:   871.9 million      
Total Dispositions in 2006:    
Number of buildings: 5  
Square Footage: 792,530  
Number of Units/Rooms: 987  
Total Value of Acquisitions in 2006: 156.2 million    
    Raw Score:   123