PHOENIX, June 18, 2013 /PRNewswire/ — Bascom Arizona Ventures has acquired Arcadia Cove Apartments, a 432-unit luxury community located in Phoenix, AZ for an undisclosed price. Bascom Arizona Ventures worked with Brian Eisendrath and Brandon Smith of CBRE to arrange the financing for the purchase. Steve Gebing and Cliff David from Marcus & Millichap represented the buyer and seller on this transaction.