Covenant buys 396-unit Chandler apartments, Country Brook, for $109.5M ($276k/unit) from MG Properties

  • 8/7/2025

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Country Brook Apartments, a 396-unit multifamily property in Southwest Chandler, has sold for $109.5 million.

Cindy Cooke, Brad Cooke, Chris Roach and Matt Roach in the Arizona office of Colliers handled the sales transaction. Luke Donahue and Patrick O’Donnell of Colliers Mortgage coordinated financing for the acquisition. 

Colliers Mortgage provided a non-recourse, full-term interest-only fixed-rate $76.65 million acquisition loan at a 4.97% rate that was locked at the signing of the purchase and sale agreement.

MG Properties
Lane Jorgensen | VP, Investment Management

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