Institutional Property Advisors (IPA), a division of Marcus & Millichap, dedicated to serving the company’s institutional clients, announced the sale of Christopher Village, a 114-unit multifamily asset in Ogden, Utah.
“Located on three parcels, the property gives the buyer critical mass in a high-occupancy, supply-constrained submarket,” said Brock Zylstra, IPA senior managing director investments. “Christopher Village presents new ownership with an immediate value enhancement opportunity through strategic interior and exterior renovations and operational improvements,” said Danny Shin, senior managing director investments. Zylstra and Shin represented the private seller, and procured the buyer, Highland Partners.
Built in 1962, Christopher Village has a quiet residential setting, a resort-style swimming pool, a laundry facility, and reserved covered parking. Apartments have fireplaces, storage space, dishwashers, and air conditioning.
Marcus & Millichap, Inc. (NYSE: MMI) is a leading national brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services. As of December 31, 2023, the Company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The Company also offers market research, consulting and advisory services to our clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion.
Institutional Property Advisors (IPA) is a leading commercial real estate services firm in North America. IPA’s combination of real estate investment and capital markets expertise, industry-leading technology, and acclaimed research offer customized solutions for the acquisition, disposition and financing of institutional properties and portfolios.
