Galleria Apartment Homes, formerly known as Villa de Italia, is a 201 unit apartment property which was purchased in June 2006 with a business plan to upgrade the interior units, common areas as well as major capital repairs to the plumbing system, elevators and building exteriors. The business plan included executing a $3.9M property renovation [...]
Beacon View is a 95 unit low-rise apartment community located minutes away from Seattle downtown and blocks away from Amazon's world headquarter. Bascom acquired this tired asset from a local Seattle owner who owned and managed the building for over twenty years. Upon taking over, Bascom planned a $1M renovation program to enhance the curb [...]
The Avante, formerly know as CentreStone is an “Institutional Grade” apartment community in the Kent Valley, which is home to millions of square feet of industrial, office and R&D space. Bascom purchased the 382 unit property from a professional operator that had completed many costly exterior upgrades including new siding, windows and sliding glass doors. [...]
The Alexan is an 163 unit garden style apartment community located on 8.95 acres in Kenmore, Washington, minutes from the employment centers of downtown Seattle and downtown Bellevue. Bascom's business plan focused on creating better curb appeal and amenities for the property. Bascom's renovation budget of $1.63M or $10,000 per unit was utilized to create [...]
Bascom Northwest acquired Washington State’s second largest apartment community in 2004 when it was listed by a large public REIT. Built in the late 1980’s, the 36 acre community was under maintained and capital starved. Bascom Northwest executed a renovation with emphasis on improving the curb appeal and amenities. Nearly $2 million was spent on [...]
Winner of Multifamily Executive 2007 Apartment Renovation of the Year, this property was originally constructed in 1949 and encompasses a full city block in downtown Seattle’s First Hill neighborhood. Originally named “The Nettleton,” the property’s two 14 story towers enjoy views of the Puget Sound, Lake Union and downtown, as well as offer a private [...]
Located directly across the street from Microsoft’s seven million square foot campus, Bascom Northwest targeted the property for an unsolicited offer after research indicated the site had double the submarket’s vacancy rate and very low rents. The property’s original Canadian development company had been self-managing the asset for 27 years with virtually no capital improvements. [...]
Kendall Ridge, a 240 unit apartment community, is located on 12 acres in the highly desirable apartment market of the Puget Sound Region. Originally named "Bellevue Pointe" it was purchased in August 2004 from a wealthy individual who owned and managed the property for 14 years. At the time of purchase the property had a [...]
