Berkadia successfully brokered and arranged financing for the $85.35 million sale of Springs at Cooley Station, a 276-unit apartment complex in Gilbert, Arizona. Utah-based Millburn and Company purchased the property for approximately $309,000 per unit. Michael Slovitt of Berkadia led financing efforts on behalf of the buyer with Fannie Mae providing full-term interest only permanent financing featuring a rate buydown to lock in an all-in fixed rate of 5.03 percent over 10 years. Dan Cheyne represented the seller during this transaction process.
Tamarack Apartments in Wenatchee Sells for $3.25M in First Trade in 19 Years
The Tamarack apartment community in Wenatchee, Washington, has changed hands in a multifamily sale that highlights investor appetite for well-located,
Steve Griffin
October 9, 2026
