Key Takeaways
- • Bascom I real estate fund delivered a 25 percent average annualized return over 5.5 years, representing a 2.41x multiple on invested capital for CLA Wealth Advisors clients.
- • CliftonLarsonAllen Wealth Advisors recommended Bascom I as its first real estate private investment vehicle, signaling institutional confidence in the fund's performance and positioning within the firm's alternative investment strategy.
- • Individual investor returns will vary, indicating performance is not uniform across all fund participants and actual results depend on entry timing, fee structures, and specific investment terms.
- • The fund's performance demonstrates real estate's potential in diversified institutional portfolios, particularly relevant during periods of economic turbulence and traditional asset class volatility.
Summary
CliftonLarsonAllen Wealth Advisors' inaugural real estate private investment recommendation, Bascom I, has generated a 25 percent average annualized return over a 5.5-year holding period. This performance metric reflects gross returns before fees and represents a cash-on-cash multiple of 2.41x for investors, meaning that for every dollar deployed, fund participants received $2.41 in total distributions and remaining value.
The fund's track record carries particular significance as Bascom I represented CLA Wealth Advisors' first real estate private investment recommendation to its client base. This initial foray into private real estate vehicles underscores the firm's strategic pivot toward alternative investments as a core component of diversified wealth management offerings for institutional investors and high-net-worth individuals. The 25 percent annualized return substantially exceeds traditional fixed-income and equity market benchmarks, positioning private real estate as a meaningful return driver within multi-asset portfolios.
CLA explicitly noted that individual investor returns will vary, a critical disclosure reflecting the heterogeneous nature of private investment structures. Variations in returns depend on multiple factors including investor entry and exit timing, the specific fee arrangements applicable to each investor class, leverage utilization, and timing of capital deployment relative to market conditions. This caveat is standard for private investment vehicles but emphasizes that the headline 25 percent figure represents an average across the investor base rather than a guaranteed or uniform outcome.
The fund's performance during the 5.5-year period coincides with a favorable environment for real estate values, though CLA's positioning of this investment within its "Investing During Times of Turbulence" framework suggests the firm views real estate as a stabilizing asset class capable of delivering returns during periods of broader market stress and traditional portfolio volatility.
The fund's track record carries particular significance as Bascom I represented CLA Wealth Advisors' first real estate private investment recommendation to its client base. This initial foray into private real estate vehicles underscores the firm's strategic pivot toward alternative investments as a core component of diversified wealth management offerings for institutional investors and high-net-worth individuals. The 25 percent annualized return substantially exceeds traditional fixed-income and equity market benchmarks, positioning private real estate as a meaningful return driver within multi-asset portfolios.
CLA explicitly noted that individual investor returns will vary, a critical disclosure reflecting the heterogeneous nature of private investment structures. Variations in returns depend on multiple factors including investor entry and exit timing, the specific fee arrangements applicable to each investor class, leverage utilization, and timing of capital deployment relative to market conditions. This caveat is standard for private investment vehicles but emphasizes that the headline 25 percent figure represents an average across the investor base rather than a guaranteed or uniform outcome.
The fund's performance during the 5.5-year period coincides with a favorable environment for real estate values, though CLA's positioning of this investment within its "Investing During Times of Turbulence" framework suggests the firm views real estate as a stabilizing asset class capable of delivering returns during periods of broader market stress and traditional portfolio volatility.
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