NEWNAN, GA – National multifamily developer Wood Partners has broken ground on Alta Newnan Crossing, a multifamily community with 274 apartment units, seven townhomes and 7,700 square feet of retail space. Expected to be completed in fall 2027, the project is located in Newnan, just 40 miles southwest of Atlanta.
“Alta Newnan Crossing is designed to bring a new level of residential living to Newnan through a thoughtful mix of housing, amenities and connectivity,” said Bennett Sands, Executive Managing Director at Wood Partners. “This community will complement the way residents want to live today while bringing much-needed housing to this growing city.”
Alta Newnan Crossing features a mix of one-, two- and three-bedroom apartment layouts. Separate from the apartments, the seven townhomes include three bedrooms and two bathrooms, and each has a two-car garage. Amenities include a clubhouse, state-of-the-art fitness room, package room, co-working space, retail courtyard and resort-style pool and courtyard. The site will also provide connectivity to the LINC Trail, Newnan’s multi-use path system.
According to the World Population Review, Newnan is growing at a rate of 1.47% annually, and its population has increased by 9.5% since the most recent census in 2020. With direct access to Interstate 85, Newnan offers brilliant accessibility to Atlanta, Hartsfield-Jackson International Airport and major employers throughout the region.
Alta Newnan Crossing is Wood Partners’ second development in Newnan. The firm completed Alta Ashley Park, a 269-unit multifamily community, in June 2023.

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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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