GC Square Apartments ( SOLD )
PHOENIX | ARIZONA
ABOUT THE ASSET
Caliber sold GC Square in March 2022 for $31,020,000.
Acquired in October 2015 for $6,465,000, this 165-unit apartment community formerly known as ‘Copper Sky Apartments’ in Phoenix, Arizona transitioned the property from Class C “workforce” apartments to Class A style student housing due to the property being located directly adjacent to Grand Canyon University.
Caliber completed a $8,300,000 renovation including new exterior paint, parking lot reconstruction, new roof, signage, security fencing, and HVA system. In addition, the leasing office, amenities, and all units have been completely transformed into modern, trendy options for students attending Grand Canyon University – one of the fastest growing Christian Universities in the country.
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