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$400 Million Bascom/Oaktree Venture Secures Initial Investment with $50.25 Million MF Buy in Denver

Pair Secures $46.8 Million Loan to Acquire, Reposition 336-Unit Axis at Mile Station
By Latricia Miller
November 9, 2015 | 2:38 P.M.

Following the success of their initial venture, Irvine, CA-based The Bascom Group and funds managed by Los Angeles-based Oaktree Capital Management kicked off the launch of their second venture with the purchase of Axis at Mile Station in Denver from Security Properties for $50.25 million, or approximately $150,000 per unit.

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