### 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 aims to acquire apartment properties across the U.S. that can be repositioned or are currently trading at a significant discount.
The fund currently owns five apartment properties, representing approximately $68 million in equity investments. Through this offering, it seeks to raise an additional $76 million in equity. Since its inception in 1996, Bascom has completed more than $22 billion in multifamily value-added transactions.
Managing partner David Kim commented, “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.”
