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Bascom Adds to Colorado MF Trove

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Bascom Adds to Colorado MF Trove

Irvine-based Bascom Group, one of the top 50 multifamily owners in the country, expanded its footprint even further in Colorado recently with the acquisition of the 112-unit Skyline View apartments at 456 S Ironton St in Aurora, a major suburb of Denver. In the last decade, the private equity investor has acquired more than 11,700 units in Colorado. Bascom Group principal Scott McClave tells us that as a multifamily submarket, Aurora’s made a comeback, with regional investments beginning in the '90s now paying off in terms of job creation.

Bascom Adds to Colorado MF Trove

That's especially true for the Lowry and Fitzsimmons redevelopments, which are the reinvention of a former Air Force base and an Army hospital into a mixed-use community and a bioscience business park, respectively. Both are relatively near Aurora. Scott also cites the area’s transit infrastructure as important. "Denver's ahead of a lot of places in transit, and it's helping sustain job growth," he notes.