**Bascom Value-Add Fund Launches New Securities Offering**
Bascom Value Added Apartment Investors VI, LLC, sponsored by Irvine-based The Bascom Group, LLC, has launched a new securities offering under Rule 506(c) of the Securities Act of 1933. Fund VI is focused on acquiring and repositioning apartment properties across the U.S., particularly those trading at significant discounts.
Currently, the fund owns five apartment properties with approximately $68 million in equity invested. With this new offering, it aims to raise an additional $76 million in equity. Since its inception in 1996, Bascom has completed over $22 billion in multifamily value-added transactions.
Managing partner David Kim commented on the market conditions, stating, “We note that certain leading real estate research firms report that apartment prices have dropped 20%–30% from their 2022 peak due to capital market dislocations, rising interest rates, and oversupply in certain markets. We believe this has created opportunities to acquire properties at a discount to peak pricing.”
