ColRich acquired the 332-unit Camden Copper Square from Camden Property Trust for $77 million. Trevor Breaux and Troy Tegeler of the CBRE Debt & Structured Finance practice arranged financing for the buyer.
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.
Camden Property Trust owns and operates 171 properties totaling approximately 58,000 apartment homes across the U.S.
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