DALLAS, Oct. 3, 2024
/PRNewswire/ -- The Bascom Group ("Bascom") of Irvine,
CA and Cross Coast Partners, LLC ("CCP") based in McKinney, Texas, have announced the
formation of Consolidated Real Estate Strategies ("CRES"), a joint
venture focused on third-party asset management and advisory
services of multi-family properties across the United States.
Founded in Q4 2023 by Brendan Van
Deventer and Tony Ferrell, in
partnership with Bascom, CRES has grown rapidly and is now active
in 18 states, overseeing more than 7,000 multi-family units. CRES's
hands-on partnership model ensures their clients receive support
throughout every stage of the investment lifecycle, no matter where
they sit in the capital stack. By actively listening to their
clients' unique financial objectives and combining them with
comprehensive market analysis, CRES crafts tailored scopes and
plans that address their clients' specific needs.
With over 25 years of combined multi-family experience, the
leadership team has successfully repositioned over 100 assets and
managed more than 35,000 multi-family units. CRES is dedicated to
maximum transparency, expert guidance, and strategic insights to
give our clients the tools needed to maximize their investments as
a fiduciary to their investors, whether they are a GP, LP, or
Lender.
"CRES will continue implementing the best practices in real
estate investment, operations, and asset management that we've
gained from working for industry-leading operating companies and
institutions," said Co-Founders Brendan and Tony.
More information can be found at cre-strategies.com, or reach
them at 469-342-8780.
About Bascom: Bascom is a private equity firm
specializing in value-added multifamily, commercial, and
non-performing loans and real estate related investments and
operating companies. Bascom sources value-added and distressed
properties including many through foreclosure, bankruptcy, or short
sales and repositions them by adding extensive capital
improvements, improving revenue, and reducing expenses by realizing
operational efficiencies through implementation of
institutional-quality property management. Bascom, founded by
principals Derek Chen, Jerry Fink, and David
Kim, is one of the most active and seasoned buyers and
operators of apartment communities in the U.S. Since 1996,
Bascom has completed over $22.0
billion in multifamily value-added transactions encompassing
358 multifamily properties and over 105,000 units. Bascom's
commercial transaction volume is $5.8
billion in total and amounts to over 23.4 million square
feet. Bascom has ranked among the top 50 multifamily owners in the
U.S. Bascom's subsidiaries and joint ventures include the Bascom
Value Added Apartment Investors, Shubin Nadal Associates, Spirit
Bascom Ventures, REDA Bascom Ventures, Bascom Northwest Ventures,
Bascom Arizona Ventures, Harbor Associates, Village Partners
Ventures, CRES, and Realm Group. Bascom's subsidiaries also include
Premier Workspaces, one of the largest privately held executive
suite, coworking and shared workspace companies in the U.S. For
additional information, please visit www.bascomgroup.com.
Contact:
Tony
Ferrell and Brendan Van
Deventer
Tel: 469 342 8780
Email:
384273@email4pr.com
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SOURCE The Bascom Group