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 — Scottsdale-based, Bascom Arizona Ventures, through affiliate Silverbell Property Investor LLC (Glenn Daiutolo and Jerry Finney, Managing Directors) bought The Springs at Silverbell Apartment at 7759 N Silverbell Road in Tucson for $31.5 million ($108,621 per unit).

The Springs at Silverbell Apartment Homes is a 290-unit garden-style apartment project located in the northwestern part of Tucson, offering spectacular mountain views. The complex offers a variety of six floor plans of studios to 3-bedrooms. The Springs at Silverbell was built in 2002 with 27 two-story buildings on 18-acres.

Community amenities include a clubhouse, two attractive swimming pools with cabanas, two spas, a 24-hour fitness center, conference room, business center, theater room, basketball court, and barbecue areas with picnic tables. Unit amenities include nine-foot ceilings with a ceiling fan, a ceramic tiled entry, Energy Star appliances, a microwave, electric range, dishwasher, ice maker, disposal, built-in wine rack, linen closet, large master bedroom, walk-in closet, garden-style tub, full-size washer and dryer, spacious patio or balcony, and all units are cable-ready. Select units include a pantry, breakfast bar, separate dining area, private garage, and built-in storage.

The seller was Silverbell 290 Limited Partnership of Sun Lakes, AZ (Steven Robson, principal).

California-based Pacific Equities Capital Management through affiliate Pacific Palomino LLC purchased the Palomino Crossing Apartment Homes at 750 East Irvington in Tucson for $10.2 million ($42,500 per unit).

Palomino Crossing is a 240-unit garden style apartment project located in the southern part of Tucson, AZ. The property is located near Tucson International Airport and several Call Centers and other employers who offer employment to the resident profile attracted to the property. Palomino Crossing consists of one- and two-bedroom units.

The complex is built on 8 acres with common area amenities that include two recently remodeled club houses, fitness center, two pools, multi-purpose turf field, horseshoe pit, dog park, and playground.

The seller, Summit Partners LLC an affiliate of Summit Equity Investments of Los Angeles, California (Joseph Rosen, President / co-founder) purchased the property December 2012.

Brokers representing Sellers for both Palomino Crossing and The Springs at Silverbell were Art Wadlund, and Clint Wadlund with Berkadia in Tucson and Mark Forrester, Ric Holway with Berkadia in Phoenix.

For additional information contact Forrester at 602.912.1630 and Holway at 602.912.1633; Art Wadlund can be reached at 520.299.7200 and Clint Wadlund is at 520.615.1100.

To learn more, see RED Comp #4198 and #4165.

Sale price garners $149,000 per unit at multifamily property consisting of 31 buildings

PHOENIX, AZ – Bascom Arizona Ventures (Bascom Group) completed the $56.7 million sale of the Little Cottonwoods apartment complex, commanding $149,000 per unit.

Little Cottonwoods, built in various phases between 1985 and 1991, is located at 1820 E. Bell De Mar Drive in Tempe and comprises 379 units. Bascom Arizona Ventures purchased the complex in February 2013 for $42.7 million ($112,800 per unit).

Bascom invested $3.8 million in renovations at Little Cottonwoods. Pool upgrades include colored LED lighting, new furniture and a new poolside fire pit. Clubhouse upgrades include contemporary furniture, new fixtures, and new flooring. State-of-the-art equipment was installed in the fitness center.

Interior upgrades were made to half of the units. This included new kitchens, new flooring, two-toned paint, contemporary lighting and plumbing fixtures and finishes, and new hardware. The apartments have washer/dryers and the 2- and 3-bedroom apartments include garages.

MEB Management Services has served as Bascom Arizona’s management company for more than 10 years. Little Cottonwoods is one of the multi-family projects for which MEB has provided property management.

“MEB is so proud to be a part of creating value for our partners, clients and investors of Little Cottonwoods,” said Mark Schilling, Executive Vice President and Principal of MEB Management Services. “We are truly grateful to our team members that worked diligently every day to create an incredible community environment for the residents at Little Cottonwoods.”

The buyers were TruAmerica Multifamily and Investcorp.