BH Equities Buys Arcadia Cove Apartments in Phoenix for $71.5M

by Nellie Day

PHOENIX — BH Equities has acquired the 432-unit Arcadia Cove Apartments in Phoenix for $71.5 million. The community is located at 2252 N. 44th St.

Arcadia Cove was built in 1996. It recently underwent a renovation that includes exterior upgrades to the pool and spas. Barbecue pits, outdoor television monitors and Wi-Fi connections were also installed.

Upgrades also occurred in the fitness room, Internet café and clubhouse, which now includes iPad stations.

Cindy and Brad Cooke of Colliers International represented the seller, Bascom Arizona Ventures (Bascom Group), in this transaction.

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