Bascom Arizona Ventures adds Off-Market Tucson Multifamily Property
The Tucson property includes 289 garden-style units and nearly 12.5 acres, with Bryten Real Estate Partners taking over management.
Takeaways
- Domain 3201 is a 289-unit garden-style multifamily apartment community.
- Bascom Arizona Ventures is acquiring Domain 3201 with backing from Bascom Group.
- The target serves multifamily residential across Tucson, Arizona.
Domain 3201, a 289-unit garden-style multifamily community in Tucson, Arizona, was acquired by Bascom Arizona Ventures, LLC for $45.5 million, or $157,439.
The off-market transaction covers a property built in phases in 1985 and 1990 across nearly 12.5 acres, with one-, two- and three-bedroom units.
The asset includes three swimming pools, two spas, open green space, a fitness center, yoga studio, clubhouse, business center and two pickleball courts.
Bryten Real Estate Partners will manage the property.
Bascom Arizona Ventures, LLC is a subsidiary of Irvine, California-based The Bascom Group, LLC and targets transitional multifamily assets in the southwestern U.S. BrightSpire Capital Acquisitions, LLC provided debt financing, arranged by Brian Eisendrath, Cameron Chalfant, Ben Margolis and Jesse Zarouk of Institutional Property Advisors; IPA also advised the buyer and seller.
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