Downtown Phoenix apartment complex sells for $77 million

Article originally posted on Phoenix Business Journal on December 1, 2025

A 332-unit apartment complex in downtown Phoenix has sold for $77 million.

Camden Copper Square Apartments was acquired by ColRich, a San Diego-based real estate and investment firm, according to a Nov. 20 announcement.

The seller, commercial real estate service and investment group Camden Property Trust was represented by CBRE.

The multifamily gated complex is at 901 E. Van Buren St. It has two parking structures, two swimming pools, barbecue grills and seating, an outdoor lounge, indoor coworking spaces, a 24-hour fitness center and a dog park.

The sale marks another large Valley apartment deal over the past few months.

Fairfield Residential set a record in July when it plopped down $462.38 million for the largest Arizona multifamily deal in the state’s history, scooping up 1,568 units across the Valley. Fairfield went on to spend $115.8 million in August to buy the 276-unit The Nines at Kierland: North Scottsdale Apartments.

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