Bascom Value Added Apartment Investors VI, sponsored by The Bascom Group, has launched a new offering of its securities pursuant to Rule 506(c) under the Securities Act of 1933, as amended.
Fund VI is focused on continuing to acquire apartment properties throughout the United States that can be repositioned through value-added renovations, management improvements, or recovery from being overleveraged and distressed, or may be trading at a significant discount. The fund has been actively raising capital and acquiring property assets. The fund currently owns five apartment properties with approximately $68 million of equity invested. The fund is seeking to raise an additional approximately $76 million in equity this offering. Since 1996, Bascom has completed more than $22.0 billion in multifamily value-added transactions encompassing 365 multifamily properties and more than 105,000 units.
“We note that certain leading real estate research firms report that apartment pr
