ColRich Acquires Camden Copper Square Apartments In Phoenix For $77 Million From Camden Property Trust

The transaction involved the acquisition of Camden Copper Square Apartments, a multi-family property located at 901 East Van Buren Street in Phoenix, AZ. The asset, comprising 332 residential units, was sold for $77 million. The property, built in 2000, includes amenities such as two pools, a fitness center, and a dog park, and is situated near downtown Phoenix and public transit options.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $77,000,000
• Units: 332
• PPU: $231,928
• Buyer: ColRich
• Seller: Camden Property Trust
• Brokers: Matt Pesch, Sean Cunningham, Austin Groen & Asher Gunter - CBRE
• Mortgage Brokers: Trevor Breaux & Troy Tegeler - CBRE

This transaction highlights the involvement of CBRE in both the sale and financing aspects of the deal. The brokerage firm facilitated the connection between ColRich and Camden Property Trust, leading to the successful transfer of ownership of the property.