Institutional Property Advisors Brokers $45.5 Million Multifamily Sale and Arranges Financing for Tucson's Domain 3201
TUCSON, Ariz., June 1, 2026 — Institutional Property Advisors, a division of Marcus & Millichap (NYSE: MMI), has brokered the $45.5 million sale and arranged acquisition financing for Domain 3201, a 289-unit multifamily property located in the Casas Adobes area of Tucson, Arizona. The real estate acquisition closed at $157,439 per unit, according to the firm's announcement.
Invest Capital Group was the seller, and Bascom Arizona Ventures was the buyer. IPA Capital Markets arranged the acquisition financing, with Brian Eisendrath, Cameron Chalfant, and Jesse Zarouk handling the financing assignment.
Deal Principals and Brokerage Team
Hamid Panahi, IPA senior managing director investments, and Clint Wadlund, IPA senior managing director investments, represented the seller and procured the buyer in the transaction.
"Bascom Arizona Ventures' acquisition of Domain 3201 marks another major vote of confidence in Tucson's multifamily market," Panahi said. "With their second acquisition in Tucson this year, it's clear that groups continue to see strong long-term opportunity and momentum across the city."
"Domain 3201 was one of the most sought after multifamily opportunities to trade in Tucson this year given its scale, location, and amenity package," Wadlund said. "The market's strong fundamentals and limited supply continue to drive competition for well-positioned assets."
Property Overview: Garden-Style Asset in Northwest Tucson
Domain 3201 is a 14-building, garden-style multifamily development completed in two phases, in 1985 and 1990. The property encompasses 289 units with an average unit size of 712 square feet. The unit mix includes one-, two-, and three-bedroom apartments.
Each unit features a fully equipped kitchen with white, Shaker-style cabinetry, a walk-in closet with built-in shelving, and a private patio or balcony. Select units include full-size washers and dryers, dual master suites, stainless-steel appliances, vaulted ceilings, and fireplaces. Community amenities include three resort-style swimming pools, two spas, a dog park, and full-size pickleball courts.
The property's location near Interstate 10 provides residents access to more than 1,500 businesses within a five-mile radius. Nearby employers include the Marana and Amphitheater school districts, Northwest Medical Center, Afni, and Costco. Retail destinations including the Foothills Mall redevelopment site, Heritage Plaza, and Gold Canyon Plaza are in close proximity, with Downtown Tucson accessible by a short drive.
Tucson Multifamily Market Context
The transaction represents Bascom Arizona Ventures' second multifamily acquisition in Tucson in 2026, according to Panahi's comments. IPA noted that limited new supply in the Tucson market has continued to support competition for well-positioned multifamily assets — a factor both brokers cited as contributing to demand for Domain 3201 specifically.
About Institutional Property Advisors
Institutional Property Advisors is a division of Marcus & Millichap focused on serving institutional clients across acquisition, disposition, and financing of institutional properties and portfolios. The firm combines real estate investment and capital markets expertise with proprietary research and technology platforms.
