TUCSON, Arizona, (January 12, 2026) — Bascom Arizona Ventures, LLC (BAZV), an affiliate of Irvine, California-based private equity firm The Bascom Group, LLC (Bascom), acquired the Retreat at Speedway, a 304-unit multifamily property located in Tucson, Arizona, for $53.4 million ($175,658 per unit).  The property was acquired by Bascom’s current fund offering, Bascom Value Added Apartment Investors VI, LLC, in one of the first sales of the new year, January 8, 2026.

Constructed in 2001 and positioned along Speedway Boulevard against the backdrop of the picturesque Catalina Mountains, The Retreat at Speedway benefits from proximity to the premier Catalina Foothills and access to major employment centers. The two-story, garden-style property offers residents spacious, open-concept one- and two-bedroom floor plans, along with a robust amenity package featuring a swimming pool and spa, a fitness center, and a clubhouse.

The Retreat at Speedway presents a compelling value-add opportunity, with new ownership planning a thoughtful capital improvement program designed to elevate everyday living through refreshed clubhouse spaces, enhanced pool, spa, and fitness areas, and upgraded residences.

This transaction marks BAZV’s first acquisition since February 2020.

“BAZV has remained disciplined and committed to sourcing the right opportunity to align with their business plan,” says Joe Daiutolo, Acquisitions Manager for BAZV. “This acquisition reflects our commitment to reinvesting in the community through a thorough renovation program designed to enhance the day-to-day resident experience while unlocking the property’s long-term potential.”

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

Bascom Value Added Apartment Investors VI, LLC (“Fund VI” or the “Fund”), which is sponsored by Bascom, launched a new offering of its securities pursuant to Rule 506(c) under the Securities Act of 1933, as amended. Fund VI focuses on acquiring apartment communities throughout the U.S. that can be repositioned through value-add renovations, management improvements, recovery from overleveraging and distress, or that are foreclosures trading at a significant discount. The Fund has been actively raising capital and acquiring property assets. The Fund currently owns six apartment properties with approximately $83 million of equity invested. The Fund is seeking to raise an additional approximately $70 million in equity for this offering. For questions regarding this Fund, please contact Chad Sanderson at 949-955-0888 (ext. 123) or Joe Ferguson at (ext. 120).

Chad Sanderson, Fund VI Manager states, “Fund VI is focused on building a diversified multifamily portfolio that emphasizes capital preservation, long-term value creation, and consistent cash flow. With property values resetting meaningfully across many markets and increased pressure on sellers, we see a favorable environment for deploying disciplined capital. The portfolio to date reflects that approach, with attractive investments across markets, asset types, and risk profiles.” Joe Ferguson, Vice President, adds, “The Retreat at Speedway is a good illustration of this dynamic. We are acquiring a well-located, institutional-quality property at a strong going-in yield, with clear value-add upside and a cost basis meaningfully below replacement cost, reflecting the types of attractive, risk-adjusted opportunities created by today’s pricing reset.”

Bascom Arizona Ventures, LLC (“BAZV”), a joint venture between Multifamily Advisors, LLC and The Bascom Group, LLC (“Bascom”), was formed to acquire transitional multifamily assets in the southwestern United States. BAZV, founded by Glenn Daiutolo, has completed more than $1.6 billion in multifamily transactions in Arizona, comprising 53 properties and totaling more than 16,700 units since 2004, including more than 5,000 units in Tucson. 

For additional information on Bascom, please visit bascomgroup.com.

Source: RED Comp #12299

TUCSON, AZ (January 12, 2026) — Plans are moving forward for a new Costco Wholesale on Tucson’s Southeast side at 9748 E. Old Vail Road, near Houghton Road, on a 22.35-acre vacant site at Rita Ranch Commerce Center.

City documents describe the project as a “destination retail store”,  a 158,000-square-foot Costco warehouse, and an associated fueling station. A pre-application filing for the site is already on record in the City of Tucson’s Property Research Online (PRO) system, described as “New Costco coming to the Area.”

Publicly circulated construction timelines indicate work could begin in January 2027 and be completed between June and September 2027.

On the public side, the City of Tucson has been evaluating a site-specific sales tax economic development incentive tied to the project. A Mayor & Council memorandum states that the incentive discussion is intended to provide the retailer’s site-selection team with “assurance of local support” through a sales tax reimbursement to offset public improvement costs associated with the development. The City materials describe the incentive as potentially reimbursing construction sales tax for qualifying public infrastructure improvements.

Early review notes indicate that substantial infrastructure and entitlement steps are needed. City engineering review comments state that a Traffic Impact Analysis will be required, along with a Private Improvement Agreement for additional lanes and potential right-of-way dedication for widening. Zoning review comments also note the site is zoned I-2 and that a large retail establishment in this zoning district requires approval through the City’s Mayor and Council Special Exception procedure, along with Design Review Board review.

Job estimates vary by source. The City memorandum anticipates approximately 250 full-time employees upon completion, while other City documents indicate possibly 173 full-time and 147 part-time positions.

Diamond Ventures is the current landowner and developer of Rita Ranch Commerce Center at this site.

MARANA, Ariz. (January 9, 2026) – Forestar (USA) Real Estate Group, Inc. (Matt Seidel, Vice President, RE Investments and Development-Tucson) has acquired Villages II, III, VI, and VII of Linda Vista Village, comprising 118.76 acres in northwest Tucson. The transaction, which closed on December 31, 2025, encompasses multiple development phases totaling approximately 310 lots in one of Marana’s most active growth corridors. The acquisition significantly expands Forestar’s presence to northwest Tucson, adding to the company’s growing portfolio across all geographic areas of Pima County.

Forestar purchased the property from AMH Linda Vista Development TRS, LLC for $10,500,000 in an all-cash transaction. The acquisition is located east of the Twin Peaks Road and Interstate 10 interchange, directly off Linda Vista Boulevard and Camino Benicardo, positioning Forestar in the heart of East Marana’s expanding residential market. The property is next door to the Marana Center development, anchored by the Tucson Premium Outlets (365,000 SF with 70+ stores), supported by two hotels, Hampton Inn & Suites and SpringHill Suites by Marriott, and the Northwest Emergency Center, a 24-hour medical facility. Future phases of Marana Center include a TMC hospital site, an auto mall, a gas station/convenience store, and additional retail and entertainment venues.

The seller, AMH Linda Vista Development TRS, LLC, originally acquired the land in 2021. The company has strategically divested portions of the development to capitalize on strong demand for P/E (platted and engineered) lots. This transaction represents the latest in a series of significant lot sales AMH has executed in 2024-2025.

Forestar (USA) Real Estate Group, Inc. is a leading residential lot development company focused on acquiring and developing raw land into finished lots for homebuilders. The company operates in multiple high-growth markets across the United States and has established a significant market share in Arizona’s residential development sector. Forestar specializes in delivering turnkey finished lots, allowing homebuilders to focus on construction and sales rather than land-development complexities.

Will White and John Carroll of Land Advisors Organization handled the transaction and played a pivotal role in AMH’s 2025 divestment of lots.

“Quietly, Forestar continues to make excellent investments throughout Tucson and is now positioned in all geographic areas of Pima County,” White noted. “Their systematic approach to securing, developing, and delivering “fully finished” lot inventory demonstrates exactly what’s needed as we move into a new period in Tucson. These lots will be in high demand once ready for market.”

This positions Forestar to capitalize on what White describes as a convergence of market catalysts: reload urgency among builders, stronger selling seasons expected in 2026, and the slingshot effect from current inventory constraints.

For more information, contact Will White or John Carroll with  Land Advisors Organization at 520.514.7454.