SoCal Investors Are Following the Yield to Denver

We talk to the Bascom Group about how the surge of investment activity has changed the Denver market.

Scott McClave

The Denver market seemingly exploded this cycle—but in reality, the growth was a long-time coming. The Bascom Group has been an active player in Denver since 2005 and has acquired nearly 11,000 multifamily units, including its recent purchase of Modera at Observatory Park Apartments, a 275-unit new construction apartment complex, for $92.5 million. Now, Denver has popped into a bustling city, and as a result, the market is on investor radar. We sat down with Scott McClave, senior principal of Bascom, to talk about how the market has changed since 2005 and how the firm has adapted its strategy as more investors have shown up to play.

GlobeSt.com: You have been active in Denver for more than a decade. How has the market changed in your time investing there?

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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