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.

“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

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