Bascom Arizona Ventures Acquires Domain Three Two Zero One Tucson Two Hundred Eighty Nine Unit Community
Bascom Arizona Ventures, a subsidiary of The Bascom Group, has acquired Domain 3201, a 289-unit multifamily community in Tucson, Arizona, for $45.5 million, or $157,439 per unit. BrightSpire Capital Acquisitions provided debt financing for the transaction, which was arranged by Brian Eisendrath, Cameron Chalfant, Ben Margolis, and Jesse Zarouk of Institutional Property Advisors. Hamid Panahi, Clint Wadlund, Steve Gebing, and Cliff David of IPA advised both buyer and seller in the off-market deal. Arizona-based Bryten Real Estate Partners will manage the property.
Constructed in two phases in 1985 and 1990, Domain 3201 is a garden-style community on nearly 12.5 acres offering one-, two- and three-bedroom plans. The asset features an amenity set geared toward both lifestyle and convenience, including three swimming pools, two spas, open green space, a fitness center, yoga studio, clubhouse, business center, and two pickleball courts. The property is positioned near Interstate 10 with Uptown Tucson’s high-density urban village approximately a five-minute drive away.
Domain 3201 presents a value-add opportunity. New ownership plans a capital improvement program focused on refreshed clubhouse and leasing office spaces, upgraded pool, spa, and fitness areas, and interior residence enhancements aimed at elevating the resident experience.
“After the recent acquisition of Retreat at Speedway, BAZV felt now was the right time to expand in Tucson,” says Joe Daiutolo, Acquisitions Manager for Bascom Arizona Ventures. “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.”
This purchase is BAZV’s second deal in 2026 following the acquisition of Retreat at Speedway, a 304-unit community acquired for $53.4 million, or $175,658 per unit, by Bascom Value Added Apartment Investors VI, LLC. Fund VI targets apartment communities across the U.S. that can be repositioned through renovations, management improvements, recovery from over-leveraging, or other value-add strategies.
For owners and operators, this transaction underscores ongoing investor interest in suburban garden product where operational and amenity-led repositioning can drive performance. Multifamily Leadership will continue to track how capital improvements and asset management strategies translate into operational results and resident outcomes.