Bascom Arizona Ventures Expands Real Estate Portfolio with Tucson Acquisition

On January 12, 2026, Bascom Arizona Ventures, LLC (BAZV), a branch of The Bascom Group, LLC, announced its acquisition of the Retreat at Speedway, a multifamily property in Tucson, Arizona, for a total of $53.4 million, equating to approximately $175,658 per unit. This purchase was made through Bascom's latest fund offering, the Bascom Value Added Apartment Investors VI, LLC, marking the company's first acquisition since February 2020.

Located along the scenic Speedway Boulevard and framed by the stunning Catalina Mountains, the Retreat at Speedway boasts 304 units divided into spacious one- and two-bedroom floorplans. The property was constructed in 2001 and is strategically positioned near major employment hubs and the upscale Catalina Foothills, enhancing its appeal to potential residents.

The property features a variety of amenities designed to enrich the living experience, including a refreshing swimming pool and spa, a well-equipped fitness center, and a lively clubhouse. New ownership is set to introduce a significant capital improvement program aimed at upgrading these facilities, ultimately enhancing everyday living for its residents.

Joe Daiutolo, Acquisitions Manager for BAZV, stated, "This acquisition reflects our commitment to reinvesting in the community through a comprehensive renovation plan that will significantly elevate the resident experience while unlocking the property's long-term potential."

BrightSpire Capital Acquisitions, LLC facilitated the debt financing for this acquisition, coordinated by a skilled team from Institutional Property Advisors (IPA). The team composed of Brian Eisendrath, Cameron Chalfant, Jake Vitta, and Jesse Zarouk played an instrumental role in arranging the necessary financing. Simultaneously, the IPA team, including Steve Gebing, Cliff David, Hamid Panahi, and Clint Wadlund, provided advisory services for both the buyer and seller during this transaction.

The Bascom Value Added Apartment Investors VI, also known as Fund VI, is focused on acquiring multifamily properties across the U.S. The Fund seeks to revitalize distressed or underappreciated real estate assets by implementing value-add renovations, management enhancements, and improvements to operational efficiencies. Previously, Fund VI launched an offering under Rule 506(c) of the Securities Act of 1933, emphasizing their commitment to transforming communities through responsible investment.

Chad Sanderson, Fund VI Manager, shared insights about their overall strategy: "We aim to build a diversified multifamily portfolio with an emphasis on capital preservation, long-term value creation, and consistent cash flow. With property values recalibrating across numerous markets and increased pressure on sellers, we are presented with a favorable environment for disciplined investment."

He further elaborated on the Deal: "Retreat at Speedway exemplifies our strategic approach. We are acquiring a prime, well-located property that boasts strong initial yields and clear potential for value enhancement, all at a cost basis well below replacement cost."

Established in 2004, Bascom Arizona Ventures specializes in securing transitional multifamily assets in the southwestern United States, having completed over $1.6 billion in multifamily deals, including more than 5,000 units in Tucson. The Bascom Group, known for its expertise in value-added multifamily, commercial investments, and distressed property acquisitions, continues to lead the sector with a commitment to fostering community growth while ensuring operational efficiencies.

As this acquisition moves forward, both Bascom and BAZV are set to unveil improvements that will not only enhance the living experience for current residents but will also attract new tenants, thereby solidifying the Retreat at Speedway's standing in the competitive Tucson real estate market.

In summary, the acquisition of the Retreat at Speedway serves as a significant step for Bascom Arizona Ventures as they continue to invest in and enhance the quality of residential living in Tucson, helping to shape the future of multifamily housing in the region.