Bascom Group Unveils Consolidated Real Estate Strategies
The Bascom Group, alongside Cross Coast Partners, has launched a significant new venture known as Consolidated Real Estate Strategies (CRES). This initiative aims to provide expert third-party asset management and advisory services specifically tailored for multi-family properties. Operating primarily in the U.S. market, CRES seeks to address the unique requirements of property management while enhancing investment strategies.
About CRES and Its Founders
CRES was co-founded in late 2023 by Brendan Van Deventer and Tony Ferrell, both of whom bring a wealth of experience to this new endeavor. With a rapidly expanding footprint, the company has already established a presence in 18 states and is currently managing over 7,000 multi-family units. Their approach emphasizes a hands-on partnership model, ensuring that clients receive comprehensive support through all phases of the investment lifecycle, regardless of their position in the capital stack.
The CRES Approach to Asset Management
CRES focuses on understanding their clients’ distinct financial goals. By combining thorough market analysis with client consultation, CRES creates customized plans that directly address the specific needs of its clients. This customer-centric model has positioned CRES as a trustworthy partner in property management and investment, with a commitment to aligning strategies that maximize potential returns.
Experience and Expertise at CRES
The leadership team at CRES boasts over 25 years of combined experience in the multi-family sector. They have successfully repositioned more than 100 assets and managed a total of over 35,000 multi-family units. This wealth of experience underscores their dedication to transparency, strategic insights, and the expert guidance necessary for clients to optimize their investment outcomes.
Commitment to Best Practices
As stated by co-founders Brendan and Tony, CRES is committed to implementing the best practices in real estate investment and asset management learned from years at industry-leading companies. This commitment will drive the operational strategies that CRES employs to ensure outstanding performance for their clients.
About Bascom Group
Founded by Derek Chen, Jerry Fink, and David Kim, the Bascom Group is a renowned private equity firm with a specialization in value-added investments in multifamily properties, commercial real estate, and non-performing loans. Since its inception, Bascom has completed over $22 billion in multifamily transactions, demonstrating a robust history of activity in the real estate market.
With operations extending beyond multifamily properties, Bascom also engages in commercial transactions, amounting to approximately $5.8 billion and covering over 23.4 million square feet. The company has cultivated a reputation for being one of the most active operators in the sector, earning a place among the top 50 multifamily owners in the U.S.
Bascom’s Expansive Portfolio
Bascom's portfolio includes various subsidiaries and joint ventures that enhance its operational capabilities. These include the Bascom Value Added Apartment Investors and Premier Workspaces, one of the largest executive suite and coworking providers in the nation. Such collaborations position Bascom as a multifaceted player within the real estate investment landscape, prepared to meet diverse market demands.
Connect with Bascom
For more information about CRES or Bascom Group, interested parties can find details online or reach the team via phone. CRES is enthusiastic about the opportunity to redefine asset management through its innovative and strategic approach.
Frequently Asked Questions
What is Consolidated Real Estate Strategies (CRES)?
CRES is a joint venture launched by The Bascom Group and Cross Coast Partners that provides third-party asset management and advisory services for multi-family properties.
Who are the founders of CRES?
The co-founders of CRES are Brendan Van Deventer and Tony Ferrell, both with extensive experience in multi-family asset management.
What areas does CRES serve?
CRES is currently active in 18 states, focusing on the management of multi-family housing units across the United States.
How does CRES support its clients?
CRES provides hands-on support throughout the investment lifecycle, crafting tailored strategies aligned with clients' financial objectives.
What notable achievements has Bascom Group accomplished?
Bascom has completed over $22 billion in multifamily transactions, including repositioning over 100 assets and managing more than 105,000 units.
