Layton Meadows is 334 unit garden style apartment community, located minutes away from Salt Lake City's CBD. Bascom increased rents by taking advantage of the property location while addressing shortcomings in its performance by renovating interiors with higher-end appliances and finishes, completing cosmetic exterior renovations and installing an institutional quality management team. These efforts allowed [...]
Located in one of the most affluent neighborhoods in Salt Lake Valley, Miller Estates was under-managed by prior owner. Bascom upgraded the property with high-end unit interior renovation and washer & dryer hookup installation. These efforts allowed Bascom improve ocupancy, rental rates, and financial performance. City Salt Lake City, Utah Units 294 Renovation Budget $3.8M [...]
Murray Ridge is a 247 unit garden style apartment community, located minutes away from Salt Lake City's CBD. Bascom increased rents by taking advantage of the property location while addressing shortcomings in its performance by renovating interiors with higher-end appliances and finishes, adding washer & dryer hookups, completing cosmetic exterior renovations and installing an institutional [...]
Riverbend is a 200 unit garden style apartment community, located minutes away from Salt Lake City's CBD. Bascom increased rents by taking advantage of the property location while addressing shortcomings in its performance by renovating interiors with higher-end appliances and finishes, adding washer & dryer hookups, completing cosmetic exterior renovations and installing an institutional quality [...]
Emerald Court is a 437 unit garden style apartment community, located minutes away from Salt Lake City CBD. Bascom Northwest leveraged its relationship to acquire this property off-market at a very favorable price. Bascom increased rents by taking advantage of the property location while addressing shortcomings in its performance by renovating interiors with higher-end appliances [...]
Bascom Northwest targeted this owner-managed property for an unsolicited offer after market surveys indicated the site had very high vacancy and the lowest rents in the submarket. Formerly known as Lexington Square, the 14.79 acre site is located blocks from Salt Lake City’s burgeoning downtown core. The property was encumbered by tax-exempt bonds and resident [...]
Bascom purchased this property with approximately 90 units, or 71% of the property vacant. The Seller was a non-profit low income housing provider which has worked out an agreement with the note holder not to contest the foreclosure. A moderate interior and exterior renovation was planned. Additional capital and professional management allowed the property to [...]
Built in two phases (1986 and 1997), the 224 unit property was built over 14.8 acres (density of 15 units to the acre). Units have large floor plans (833 sq ft weighed average). The renovation included a modest Bascom interior upgrade as well as washer dryer hookup installation to 94 units. The property was sold [...]
