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Bascom Teams Up With Axton to Add 486 Units to Colorado Portfolio

Venture Pays $41.2 Million to Buy Adjacent Apartment Complexes in Supply-Constrained Colorado Springs
Summer Grove and Tanglewood are neighboring apartment complexes located in Colorado Springs, Colorado. Photo: Bascom Group
Summer Grove and Tanglewood are neighboring apartment complexes located in Colorado Springs, Colorado. Photo: Bascom Group
By Lindsey Grinnell
June 28, 2019 | 2:40 P.M.

The Bascom Group, in partnership with an affiliate of the Axton Group, has acquired a pair of neighboring apartment complexes in Colorado Springs, Colorado, from Vukota Capital Management for $41.2 million, or nearly $85,000 per unit.

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