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 to upgrade the landscaping, elevators, exterior curb appeal and interior common area. These efforts allowed Bascom to improve occupancy, rental rates, and financial performance.

Seattle, Washington
Renovation Budget
$3.9M ($19,403/ unit)
Debt Partner
Babson Capital
Equity Partner
Individual Private Investors