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AVONDALE, ARIZ. – The 301-unit Coldwater Springs Apartments in Avondale has sold to Bascom Arizona Ventures for $27.2 million. The Class A community was built in 2007. The acquisition’s financing was arranged by CBRE’s Brandon Smith and Brian Eisendrath. It was provided by Ares Management. On-site property management will be handled by Morrison, Ekre & Bart Management Services. Jim Crews of Cushman & Wakefield of Arizona represented both the buyer and the unnamed seller in this transaction.