Grand Canyon University agrees to buy aging apartments near Phoenix campus

Grand Canyon University is growing not only its campus at 33rd Avenue and Camelback.
Grand Canyon University is growing not only its campus at 33rd Avenue and Camelback.

By Angela Gonzales | Phoenix Business Journal

Grand Canyon Education Inc. (Nasdaq: LOPE) is in the process of acquiring a decrepit apartment complex near its Grand Canyon University campus in Phoenix.

University officials won’t reveal how much they plan to pay for the 124-unit Serrano Village Apartments at 2828 W. Camelback Road because the deal has not been finalized.

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