ColRich Spends $77M on 332-Unit Phoenix Apartment Community
ColRich acquired Camden Copper Square Apartments for $77 million. The 332-unit rental community is at 901 E. Van Buren. The seller, Camden Property Trust, was represented by CBRE. Matt Pesch and Sean Cunningham, Austin Groen and Asher Gunter, negotiated on behalf of the seller. Trevor Breaux and Troy Tegeler of the CBRE Debt & Structured Finance practice arranged financing for the buyer.
The gated community has two swimming pools, barbecue grills and seating, an outdoor lounge, indoor coworking spaces, a 24-hour fitness center and a dog park. It consists of nine three-story buildings with studio, one- and two-bedroom units. ranging from 718 to 1,307 square feet. Apartments also have private balconies or patios.
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 the metro Phoenix area.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout