Caliber acquired the 165-unit apartment community formerly known as Copper Sky Apartments in Phoenix, Arizona in September of 2015. The community was purchased with plans to transition the property from Class C “workforce” apartments to Class A student housing due to the property being located directly adjacent to Grand Canyon University. Caliber completed a $6,800,000 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. Caliber partnered with MEB Management in Q1 of 2018 and has gained significant traction with lease up of the property.