Bascom Northwest Ventures, LLC is a multifamily real estate investment company based in San Francisco, California. Bascom Northwest Ventures executes its business plan in supply constrained, urban infill markets with values between $10 million and $150 million. The company’s target markets are Northern California, Washington, Oregon, and Utah. Since its inception in 2003, Bascom Northwest Ventures has acquired a portfolio of over 6,200 units with total consideration of $500 million. As of 2008, the company has sold 10 communities with over 2000 units yielding an average IRR of 42% and an equity multiple 2.56.
The company's success is derived from three core company strengths:
The Bascom Group, LLC, created Bascom Northwest Ventures when Brian Wirtz joined as a regional partner. The Bascom Group, founded by David Kim, Jerome Fink and Derek Chen, has acquired over $2 billion in multi-family assets across the United States. The company is named after the University of Wisconsin's Bascom Hill, the original home of UW's Business School and the top ranked Real Estate and Urban Land Economics Program, from which all the founders graduated.