Phoenix, November 22, 2025
ColRich, a San Diego-based investment firm, has acquired Camden Copper Square in downtown Phoenix for $77 million. This 332-unit multifamily community offers various apartment options and amenities like pools and a fitness center. This marks ColRich’s second major investment in Phoenix this year, highlighting their strategic focus on the growing multifamily market in the area.
Phoenix, Arizona
ColRich Acquires Camden Copper Square for $77 Million
In a significant development for the Phoenix multifamily sector, ColRich, a San Diego-based investment firm, has successfully acquired Camden Copper Square, a 332-unit multifamily community situated in downtown Phoenix, for $77 million. This acquisition represents ColRich’s second strategic purchase in the Phoenix area this year, following their acquisition of Mason Oliver in July.
Located at 901 E. Van Buren St., Camden Copper Square spans nine three-story buildings and offers a variety of apartments, including studio, one-bedroom, and two-bedroom units ranging from 718 to 1,307 square feet. Each apartment is designed for modern living, featuring in-unit washers and dryers, as well as private balconies or patios for residents to enjoy their own outdoor space. The community’s amenity offerings enhance its appeal, boasting two swimming pools with barbecue grills and seating areas, a panoramic outdoor lounge, indoor coworking spaces, a 24-hour fitness center, and a dog park. The secure, gated community also features two parking structures, providing residents with convenient access to their homes.
ColRich’s Investment Strategy in Phoenix
ColRich has established itself as a key player in the Phoenix real estate market, focusing on value-add residential real estate in high-demand areas across the Eastern, Western, and South Central United States. With the acquisition of Camden Copper Square, the firm now owns 13 multifamily communities within the Phoenix metropolitan area. This strategy reflects the ongoing demand for multifamily properties in a city experiencing significant investment activity, driven by a growing population and economic expansion.
The Role of CBRE in the Transaction
CBRE, a global leader in real estate services, represented the seller in this transaction. The firm’s experienced team played a crucial role in facilitating the sale, showcasing the efficiency of the commercial real estate sector in Phoenix. Additionally, CBRE’s Debt & Structured Finance practice assisted in arranging financing for the buyer, highlighting the professional support that underpins successful investment actions in the region.
Trends in Phoenix’s Multifamily Market
The acquisition of Camden Copper Square underscores a broader trend in the Phoenix real estate market, where multifamily properties are increasingly sought after by investors. The city’s favorable economic conditions, coupled with a continuous influx of new residents, have created a robust environment for real estate investment. This trend is expected to continue, as economic growth remains a driving force behind the demand for quality housing options in the area.
Reasons for the Rise in Demand
As the Phoenix metro area continues to expand, various factors contribute to the heightened interest in multifamily living. Competitive housing prices compared to other metropolitan areas, attractive job opportunities, and a diverse economy—all serve to pull in prospective tenants and homeowners alike. This trend not only bolsters the real estate market but also fosters local economic growth through increased consumer spending and business development.
Conclusion
The successful acquisition of Camden Copper Square by ColRich is a testament to the resilience and attractiveness of Phoenix’s multifamily housing market. With continued investment from firms like ColRich and the support of established real estate services like CBRE, the city is poised for further economic growth. Residents can take pride in the thriving real estate sector, which offers a variety of housing options to welcome newcomers and support local business endeavors. Engaging with and supporting local businesses can foster economic vibrancy and opportunity in the community.
Frequently Asked Questions (FAQ)
What is Camden Copper Square?
Camden Copper Square is a 332-unit multifamily community located in downtown Phoenix, Arizona. The property offers studio, one-bedroom, and two-bedroom apartments, along with various amenities such as swimming pools, a fitness center, and a dog park.
Who acquired Camden Copper Square?
ColRich, a San Diego-based investment firm specializing in real estate, construction, and investment, acquired Camden Copper Square for $77 million.
What amenities are available at Camden Copper Square?
The property features two swimming pools with barbecue grills and seating areas, an outdoor lounge with panoramic views, indoor coworking spaces, a 24-hour fitness center, and a dog park. Additionally, there are two parking structures providing residents with direct access to their building.
Who represented the seller in this transaction?
CBRE, a global real estate services firm, represented the seller in the sale of Camden Copper Square. The team included Matt Pesch, Asher Gunter, Sean Cunningham, and Austin Groen.
How many multifamily communities does ColRich own in Phoenix?
With the acquisition of Camden Copper Square, ColRich now owns 13 multifamily communities in the Phoenix metropolitan area.
Key Features of Camden Copper Square
| Feature | Description |
|---|---|
| Location | 901 E. Van Buren St., downtown Phoenix, Arizona |
| Number of Units | 332 |
| Apartments | Studio, one-bedroom, and two-bedroom units (718 to 1,307 sq ft) |
| Amenities | Two swimming pools, outdoor lounge, indoor coworking spaces, 24-hour fitness center, dog park |
| Parking | Two parking structures with direct access to buildings |
| Acquisition Price | $77 million |
| Acquiring Firm | ColRich |
| Seller’s Representative | CBRE |
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