Bascom Arizona Ventures Acquires Tucson Multifamily Property for $53.4 Million

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Bascom Arizona Ventures expands its multifamily portfolio with 304-unit Tucson property, planning strategic upgrades to enhance resident experience and long-term value.
TUCSON, Arizona - January 13, 2026 - Bascom Arizona Ventures, LLC (BAZV), an affiliate of Irvine, California-based private equity firm The Bascom Group, LLC (Bascom) [https://bascomgroup.com/], has acquired the Retreat at Speedway, a 304-unit multifamily property in Tucson, Arizona, for $53.4 million, or $175,658 per unit. As noted by Bascom Group principal Jerry Fink on LinkedIn [https://www.linkedin.com/posts/jerryfink_multifamily-property-apartments-activity-7415161995634638848-AH75/?utm_medium=ios_app&rcm=ACoAAACDsRIBBpYeMYuKz--C0epooNYvWm1VqNg&utm_source=social_share_send&utm_campaign=copy_link], the acquisition reflects continued investor interest in high-quality multifamily assets in Tucson. The acquisition was made through Bascom's current fund offering, Bascom Value Added Apartment Investors VI, LLC ("Fund VI").

Constructed in 2001 and located along Speedway Boulevard with views of the Catalina Mountains, the Retreat at Speedway offers residents one- and two-bedroom units with open floorplans. The property features a swimming pool and spa, fitness center, and clubhouse. Its location provides convenient access to the Catalina Foothills and nearby employment centers.

BAZV plans to implement a capital improvement program at the property. Upgrades are expected to include refreshed clubhouse spaces, enhanced pool, spa, and fitness facilities, and interior residence improvements, aimed at maintaining quality living standards and improving operational performance.

"This acquisition reflects our continued focus on disciplined, strategic investments that enhance both community value and long-term property performance," said Joe Daiutolo, Acquisitions Manager for BAZV. "We are committed to reinvesting in the property to improve resident experience and unlock its full potential."

Debt financing for the transaction was provided by BrightSpire Capital Acquisitions, LLC and arranged by Brian Eisendrath, Cameron Chalfant, Jake Vitta, and Jesse Zarouk of Institutional Property Advisors (IPA). Steve Gebing, Cliff David, Hamid Panahi, and Clint Wadlund of IPA advised both the buyer and seller. Arizona-based property manager Bryten Real Estate Partners will oversee day-to-day operations.

Fund VI, sponsored by Bascom, focuses on acquiring apartment communities across the U.S. that can be repositioned through value-add renovations, operational improvements, or acquisition of discounted or distressed assets. Since launching the fund, approximately $83 million in equity has been invested across six apartment properties. The Fund is raising additional capital for future acquisitions. For inquiries regarding Fund VI, contact Chad Sanderson at 949-955-0888 (ext. 123) or Joe Ferguson (ext. 120).

Chad Sanderson, Fund VI Manager, stated, "Our strategy emphasizes capital preservation, long-term value creation, and consistent cash flow. Current market conditions provide opportunities to acquire well-located properties at attractive valuations, which aligns with our disciplined approach." Joe Ferguson, Vice President, added, "The Retreat at Speedway exemplifies this approach. It is a high-quality property with clear value-add potential, purchased below replacement cost, reflecting the type of opportunities our fund seeks."

About Bascom Arizona Ventures:

Bascom Arizona Ventures, LLC (BAZV), a joint venture between Multifamily Advisors, LLC and The Bascom Group, LLC, was formed to acquire transitional multifamily properties in the southwestern United States. Since 2004, BAZV has completed over $1.6 billion in multifamily transactions, totaling 53 properties and over 16,700 units in Arizona, including 5,000+ units in Tucson.

About Bascom:

Bascom is a minority-owned private equity firm specializing in value-added multifamily, commercial real estate, and non-performing loan investments. Since 1996, Bascom has completed over $22 billion in multifamily value-added transactions encompassing 365 properties and over 105,000 units. The firm's commercial real estate portfolio totals $5.8 billion and 23.4 million square feet. Bascom ranks among the top 50 multifamily owners in the U.S. For more information, visit bascomgroup.com [https://bascomgroup.com/].

Forward-Looking Statements:

This release contains "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995, including statements about Fund VI and market conditions. Forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from projections. Bascom disclaims any obligation to update these statements.

Disclaimer Regarding Fund Information:

The information provided about Fund VI is for informational purposes only and is not an offer to sell or a solicitation of an offer to buy securities. Any investment in Fund VI is available only to qualified investors in accordance with applicable securities laws.
Media Contact
Company Name: The Bascom Group, LLC
Contact Person: Chad Sanderson
Email: Send Email [http://www.universalpressrelease.com/?pr=bascom-arizona-ventures-acquires-tucson-multifamily-property-for-534-million]
Phone: 949-955-0888
Country: United States
Website: https://bascomgroup.com/

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