$60.5 Million Value-Add Multifamily Property in Tempe Sold by IPA
Institutional Property Advisors (IPA), a division of Marcus & Millichap, closed the sale of Willow Creek, a 402-unit value-add multifamily asset in Tempe, Arizona. The property sold for $60.5 million, which equates to $150,498...
$24 million multifamily value-add opportunity sale brokered by IPA
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Cambridge Court, a 286-unit value-add multihousing asset in Phoenix. The $24 million sales price equates to nearly $84,000 per unit. “Positioned...
Alliance Residential Company launches active adult brand—breaks ground on first development in Tukwila, Wash.
Alliance Residential Company, one of the largest multifamily developers and managers in the U.S., announces the company’s highly anticipated active adult brand, Marvelle. The Marvelle brand, designed exclusively for residents age 55 and up,...
$41 million suburban Phoenix multifamily asset sold by IPA
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Adobe Ridge, a 224-unit multifamily asset in Glendale, Arizona. The property sold for $41 million, which represents $183,036 per unit. “The...
Revel Eagle, a refined senior community in Eagle River, now pre-leasing
The Wolff Company—a Scottsdale-based private equity firm and developer—today announced that pre-leasing has begun for its new refined senior community: Revel Eagle. Located within the prestigious Eagle River development adjacent to Reid Merrill Park,...
Two Brighton multifamily properties totaling 76 units trade for a combined $9.5 million
Transwestern today announces it brokered the sale of two multifamily properties totaling 76 units for a combined $9.5 million, a record-setting price in Brighton for vintage assets. Senior Vice President Tom Wanberg and Vice...
Revel Vegas, a refined senior community in Las Vegas, now pre-leasing
The Wolff Company—a Scottsdale-based private equity firm and developer—today announced that pre-leasing has begun for its new refined senior community: Revel Vegas. Located just five minutes from the Siena Golf Course, Revel offers exclusive...
Alpha Wave Investors acquires 144-unit multifamily property in rapidly growing Las Vegas market
Alpha Wave Investors, a private equity investment firm specializing in opportunistic and value-add multifamily and hospitality assets in the Western U.S., has acquired Cypress Springs Apartments, a 144-unit multifamily community situated in the Centennial...
Tower 16 Capital Partners acquires 228-unit apartment community in Las Vegas
San Diego-based Tower 16 Capital Partners and Henley USA have partnered to launch Altura, a new brand of multifamily apartment communities in Las Vegas. The partnership made their first acquisition last month, a 228-unit...
1,024 bed student housing asset sold by the Shin–Zylstra team of Marcus & Millichap
Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Northpoint, a 154-unit, 1,024-bed student housing property located in Rexburg,...
$300 million in multifamily sales closed in three weeks
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces that Steve Gebing and Cliff David closed six multifamily property transactions totaling $300 million and 1,557 units between April 12 and May 4...
$69.25 million multifamily asset in Arizona sold by IPA
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Alta Steelyard Lofts, a core Class “A” mid-rise, 301-unit multifamily property located Chandler, Arizona. The property sold for $69.25 million,...
1,546-bed student housing portfolio sale brokered by the Shin and Zylstra Team of Marcus...
Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of the Rexburg Portfolio, an eight-property, 1,546-bed student housing portfolio located...
$43.55 million suburban Phoenix multifamily sale brokered by IPA
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Vue Park West, a 260-unit multifamily asset located within Park West, a 250,000-square-foot open-air lifestyle center in Peoria, Arizona. The...
Luxury central Phoenix multifamily asset sold by IPA for $58.35 million
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Escape, a 244-unit luxury apartment complex in Phoenix. The $58.35 million sales price equates to $ $239,139 per unit. “Neighboring the...
