TUCSON, AZ – Bascom Arizona Ventures (BAZV), a subsidiary of Irvine, California-based private equity firm The Bascom Group (Bascom) has bought Domain 3201, a 289-unit multifamily property located in Tucson, Arizona for $45.5 million or $157,439 per unit.
BrightSpire Capital Acquisitions provided debt financing, which was arranged by Brian Eisendrath, Cameron Chalfant, Ben Margolis, and Jesse Zarouk of Institutional Property Advisors (IPA), for the acquisition. Hamid Panahi, Clint Wadlund, Steve Gebing, and Cliff David, of IPA advised the buyer and seller in the off-market transaction. Arizona-based property manager Bryten Real Estate Partners will manage the property.
Constructed in two phases in 1985 & 1990, this picturesque garden-style property offers resort-style living in one of Tucson’s most coveted submarkets. Residents of Domain 3201 delight in an all-inclusive collection of common area amenities thoughtfully designed to support both professional and recreational lifestyles. Ideally positioned near Interstate 10, the property provides seamless access to leading employment centers, premier shopping, dining, and entertaining destinations, including Tucson’s first high-density urban village, Uptown, just a small five-minute drive away. The property offers residents one, two- and three-bedroom floor plans and an unmatched amenity package that features three swimming pools, two spas, open green spaces, a fitness center, yoga studio, clubhouse, business center, and two pickleball courts, spanning nearly 12.5 acres.
Domain 3201 presents a compelling value-add opportunity, with new ownership plotting a thoughtful capital improvement program designed to elevate everyday living through refreshed clubhouse and leasing office spaces, enhanced pool, spa, and fitness areas, and upgraded residences.
This transaction marks BAZV’s second acquisition in 2026. “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 do an off-market acquisition. We value relationships, don’t take these opportunities for granted, and are keen to further enhance the day-to-day resident experience through our value-add program.”
The buy of Domain 3201 comes on the heels of BAZV acquiring the Retreat at Speedway, a 304-unit multifamily property located in Tucson, Arizona for $53.4 million or $175,658 per unit. The Retreat at Speedway was bought by Bascom’s current fund offering, Bascom Value Added Apartment Investors VI, LLC (“Fund VI” or the “Fund”). Fund VI is focused on acquiring apartment communities throughout the U.S. that can be repositioned through value-add renovations, management improvements, recovery from being over leveraged and distressed, or may be a foreclosure and trading at a significant discount.

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SAN ANTONIO, TX – Lincoln Avenue Communities (LAC), a mission-driven acquirer and developer of affordable housing, held a grand opening ceremony this month at Leon Creek Flats, a new 308-unit affordable housing development in San Antonio, Texas. The ceremony brought together local business leaders, community officials and LAC leaders to mark the developer’s first ground-up affordable housing project in Texas.
“LAC is proud to work with our local partners to meet the needs of communities impacted by the affordability crisis,” said Blake Hopkins, LAC Vice President and Regional Project Partner. “Leon Creek Flats provides hundreds of San Antonio families with access to high-quality, affordable homes with amenities and on-site resources that support long-term stability.”
Leon Creek Flats will feature a mix of one-, two- and three- bedroom apartments. The community will lease 261 of its units to residents earning at or below 60% of the area median income (AMI), with the remaining 47 units reserved for those earning below 30% AMI.
Communal amenities include a fitness center, clubhouse, pool, covered grilling area and a dog park. On-site services such as after-school programs will be available free of charge for families.
“LAC is proud to officially open our first ground-up development in Texas,” said Leslie Roering, LAC Vice President, Regional Development. “Leon Creek Flats demonstrates our commitment to expanding affordable housing in markets where the need is greatest, and we look forward to making an impact in this community for many years to come.”

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SEATTLE, WA – Sagard Real Estate (SRE), a leading U.S.-based real estate investment advisor and subsidiary of Sagard, a global multi-strategy alternative asset management firm, announced the acquisition of 18463 Blueberry Lane, a 222-unit garden-style multifamily community in Monroe, Washington, within the greater Seattle metro area.
The investment was made on behalf of Sagard Real Estate s recently launched core-plus open-end fund, which targets seaport/last-mile industrial, workforce rental housing, and other niche property sub-sectors in supply-constrained, high-growth markets.
Located in Monroe, a growing suburb within the Seattle metro, the area benefits from strong demographic trends, relative affordability compared to core Eastside submarkets, and access to major employment hubs including Everett, Bellevue, Redmond, and downtown Seattle. The submarket s population growth, coupled with a constrained supply base with limited new construction, continues to support healthy occupancy levels.
The Monroe acquisition aligns well with our fund strategy, targeting submarkets supported by strong workforce rental demand and favorable market fundamentals, said John Maurer, Head of Equity at Sagard Real Estate and Senior Portfolio Manager. We believe this asset is favorably positioned to benefit from a structural need for a lower cost of housing while drafting off higher rents in the urban corridor, added Tyler Williams, Co-Portfolio Manager at Sagard Real Estate.
Built in 1991, the property spans approximately 10.4 acres and consists of 20 buildings totaling 222 units, along with a standalone clubhouse and amenity space. Amenities include a fitness center, swimming pool, clubhouse, outdoor grilling areas, and landscaped open space. SRE plans to upgrade a part of the units which remain in original condition.
The transaction further expands the fund s diversified residential portfolio and Sagard Real Estate s presence in the Pacific Northwest, underscoring conviction in high-growth suburbs of major coastal markets.

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