Bascom Arizona Ventures (BAZV), a subsidiary of private equity firm The Bascom Group, announced it has acquired Domain 3201, a 289-unit multifamily property in Tucson, Arizona, for $45.5 million, representing approximately $157,439 per unit.
BrightSpire Capital Acquisitions, LLC provided debt financing for the transaction, which was arranged by Brian Eisendrath, Cameron Chalfant, Ben Margolis, and Jesse Zarouk of Institutional Property Advisors (IPA). Hamid Panahi, Clint Wadlund, Steve Gebing, and Cliff David of IPA advised both the buyer and seller in the off-market transaction. Bryten Real Estate Partners will manage the property.
Constructed in phases in 1985 and 1990, Domain 3201 is a garden-style multifamily community situated on nearly 12.5 acres in one of Tucson’s most sought-after submarkets. The property features one-, two-, and three-bedroom floor plans along with an extensive amenity package that includes three swimming pools, two spas, open green spaces, a fitness center, yoga studio, clubhouse, business center, and two pickleball courts.
The property is positioned near Interstate 10, offering residents convenient access to employment centers, shopping, dining, and entertainment destinations, including Tucson’s Uptown urban village development located approximately five minutes away.
BAZV plans to implement a value-add capital improvement program at the property. Planned upgrades include refreshed clubhouse and leasing office spaces, enhanced pool, spa, and fitness facilities, and renovated residential units designed to improve the overall resident experience.
The acquisition represents BAZV’s second multifamily acquisition in 2026. Earlier this year, the company acquired Retreat at Speedway, a 304-unit multifamily property in Tucson, Arizona, for $53.4 million, or approximately $175,658 per unit. That acquisition was completed through Bascom Value Added Apartment Investors VI, LLC, a fund focused on acquiring and repositioning apartment communities throughout the United States through renovations, management improvements, distressed asset recovery, and other value-add strategies.
Bascom Arizona Ventures was formed as a joint venture between Multifamily Advisors, LLC and The Bascom Group, LLC to acquire transitional multifamily assets across the southwestern United States. Since its founding in 2004 by Glenn Daiutolo, BAZV has completed more than $1.6 billion in multifamily transactions across Arizona, including more than 17,000 units and over 5,000 units specifically in Tucson.
Founded in 1996 by Derek Chen, Jerry Fink, and David Kim, The Bascom Group specializes in value-added multifamily, commercial, and distressed real estate investments. Since inception, the firm has completed more than $23 billion in multifamily transactions spanning 368 properties and more than 94,000 units, in addition to $5.8 billion in commercial real estate transactions totaling over 23 million square feet.
KEY QUOTE:
“After the recent acquisition of Retreat at Speedway, BAZV felt now was the right time to expand in Tucson. BAZV is tremendously grateful for IPA’s trust in our ability to execute an off-market acquisition. We value relationships, don’t take these opportunities for granted, and are eager to further enhance the day-to-day resident experience through our value-add program.”
Joe Daiutolo, Acquisitions Manager, Bascom Arizona Ventures
