CBRE negotiated the sale of Camden Copper Square, a 332-unit multifamily community located in downtown Phoenix. CBRE’s Matt Pesch, Asher Gunter, Sean Cunningham and Austin Groen represented the seller. San Diego-based investment firm ColRich acquired the community for $77 million. Trevor Breaux and Troy Tegeler of CBRE Debt & Structured Finance practice arranged financing for the buyer.

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“The community is a prominent asset in Downtown Phoenix with a unique footprint and direct access to the submarket’s employment and nightlife amenities,” said CBRE’s Pesch, vice chairman at CBRE. “Well-located assets with distinct resident appeal are positioned to outperform in the submarket.”

The property’s 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.

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’s second downtown Phoenix acquisition in 2025.

“The community fits perfectly into ColRich’s long-term multifamily strategy, acquiring assets with good floor plans near major employment and at an attractive basis,” said ColRich CEO Danny Gabriel. “Buying a well-maintained asset from a quality operator, along with CBRE’s expertise on the transaction side, was critical in the success of this transaction.”

Camden Property Trust, an S&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.