{"id":393988,"date":"2025-11-21T06:03:10","date_gmt":"2025-11-21T06:03:10","guid":{"rendered":"https:\/\/www.europesays.com\/us\/393988\/"},"modified":"2025-11-21T06:03:10","modified_gmt":"2025-11-21T06:03:10","slug":"cbre-sells-camden-copper-square-for-77-million","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/393988\/","title":{"rendered":"CBRE sells Camden Copper Square for $77 million"},"content":{"rendered":"<p>CBRE negotiated the sale of Camden Copper Square, a 332-unit multifamily community located in downtown Phoenix. CBRE\u2019s\u00a0<a href=\"https:\/\/www.cbre.com\/people\/matt-pesch\" rel=\"nofollow noopener\" target=\"_blank\">Matt Pesch<\/a>,\u00a0<a href=\"https:\/\/www.cbre.com\/people\/asher-gunter\" rel=\"nofollow noopener\" target=\"_blank\">Asher Gunter<\/a>,\u00a0<a href=\"https:\/\/www.cbre.com\/people\/sean-cunningham\" rel=\"nofollow noopener\" target=\"_blank\">Sean Cunningham<\/a>\u00a0and\u00a0<a href=\"https:\/\/www.cbre.com\/people\/austin-groen\" rel=\"nofollow noopener\" target=\"_blank\">Austin Groen<\/a>\u00a0represented the seller. San Diego-based investment firm ColRich acquired the community for $77 million.\u00a0<a href=\"https:\/\/www.cbre.com\/people\/trevor-breaux\" rel=\"nofollow noopener\" target=\"_blank\">Trevor Breaux<\/a>\u00a0and\u00a0<a href=\"https:\/\/www.cbre.com\/people\/troy-tegeler\" rel=\"nofollow noopener\" target=\"_blank\">Troy Tegeler<\/a>\u00a0of CBRE Debt &amp; Structured Finance practice arranged financing for the buyer.<\/p>\n<p><strong>DEEPER DIVE:<\/strong>\u00a0<a href=\"https:\/\/azbigmedia.com\/lifestyle\/top-10-arizona-zip-codes-people-are-moving-to-in-2025\/\" rel=\"nofollow noopener\" target=\"_blank\">Top 10 Arizona ZIP codes people are moving to in 2025<\/a><\/p>\n<p><strong>LOCAL NEWS:<\/strong>\u00a0<a href=\"https:\/\/azbigmedia.com\/business\/100-best-places-to-work-and-live-in-arizona-for-2025\/\" rel=\"nofollow noopener\" target=\"_blank\">100 best places to work and live in Arizona for 2025<\/a><\/p>\n<p>\u201cThe community is a prominent asset in Downtown Phoenix with a unique footprint and direct access to the submarket\u2019s employment and nightlife amenities,\u201d said CBRE\u2019s Pesch, vice chairman at CBRE. \u201cWell-located assets with distinct resident appeal are positioned to outperform in the submarket.\u201d<\/p>\n<p>The property\u2019s expansive site plan is divided by 9th Street, with two access points from Van Buren Street and 9th Street. The secure, gated community includes two parking structures, with residents parking on their floor and having direct access to their building. Community amenities include two swimming pool areas with barbecue grills and seating, an outdoor lounge with panoramic views, indoor coworking spaces, a 24-hour fitness center, and a dog park.<\/p>\n<p>ColRich is a real estate, construction, and investment firm focused on value-add residential real estate in strategic locations throughout the Eastern, Western and South Central U.S. ColRich owns 13 multifamily communities throughout metro Phoenix, and this is the company\u2019s second downtown Phoenix acquisition in 2025.<\/p>\n<p>\u201cThe community fits perfectly into ColRich\u2019s long-term multifamily strategy, acquiring assets with good floor plans near major employment and at an attractive basis,\u201d said ColRich CEO Danny Gabriel.\u00a0\u201cBuying a well-maintained asset from a quality operator, along with CBRE\u2019s expertise on the transaction side, was critical in the success of this transaction.\u201d<\/p>\n<p>Camden Property Trust, an S&amp;P 500 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns and operates 171 properties totaling approximately 58,000 apartment homes across the U.S.<\/p>\n","protected":false},"excerpt":{"rendered":"CBRE negotiated the sale of Camden Copper Square, a 332-unit multifamily community located in downtown Phoenix. CBRE\u2019s\u00a0Matt Pesch,\u00a0Asher&hellip;\n","protected":false},"author":3,"featured_media":393989,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5131],"tags":[5229,5643,1587,1589,67,586,132,5230,68,2969],"class_list":{"0":"post-393988","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-phoenix","8":"tag-america","9":"tag-arizona","10":"tag-az","11":"tag-phoenix","12":"tag-united-states","13":"tag-united-states-of-america","14":"tag-unitedstates","15":"tag-unitedstatesofamerica","16":"tag-us","17":"tag-usa"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115586177672183926","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/393988","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=393988"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/393988\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/393989"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=393988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=393988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=393988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}