IPA Archives

$34.35M apartment community sold by IPA

Walker & Dunlop
by in AZRE Magazine | Multi-Family

Institutional Property Advisors (IPA), a division of Marcus & Millichap specializing in serving institutional and major private real estate investors, negotiated the sale of Whispering Meadows a 432-unit apartment property in Mesa. The $34.35 million sales price equates to nearly $80,000 per unit. Community amenities at Whispering Meadows include two resort-style swimming pools, a colorful clubhouse,… Read More →

IPA sells $58.55M multifamily property

Multifamily property
by in AZRE Magazine | Brokerage

Marcus & Millichap division, Institutional Property Advisors (IPA), brokered the sale of MonteViejo Apartment Homes, a 480-unit multifamily asset located in the rolling hills of northeast Phoenix. The property sold for $58.55 million, or just less than $122,000 per apartment. “Excellent submarket fundamentals, such as high median household income, income growth and high occupancy support MonteViejo’s operational momentum,”… Read More →

Marcus & Millichap’s IPA sells $45.5M multifamily complex

123rf.com: Oleg Dudko
by in AZRE Magazine | Multi-Family

Institutional Property Advisors (IPA), a division of Marcus & Millichap, brokered the sale of Arboretum at South Mountain, a 312-unit apartment community in Ahwatukee Foothills, an urban village adjacent to South Mountain Park in Phoenix. The $45.5 million sales price equates to just less than $146,000 per unit. “This luxurious multifamily community combines the comfort of… Read More →

IPA sells The Reserve at Arrowhead for $64.5M

Reserve at Arrowhead2

Institutional Property Advisors (IPA), a division of Marcus & Millichap specializing in serving institutional and major private real estate investors, announced the sale of The Reserve at Arrowhead, a premier 472-unit multifamily asset in Phoenix. The $64.5 million sales price equates to more than $136,000 per unit. “Developed in two phases between 1998 and 1999… Read More →

IPA starts building Generations at Ahwatukee

Flagstaff lost the highest percentage of construction jobs
by in AZRE Magazine | Construction | Medical

Investment Property Associates LLC (IPA) and Retirement Community Specialists (RCS) announced construction is now underway on its senior living community, Generations at Ahwatukee. The project, located at the southeast corner of Chandler Boulevard and 50th Street is targeted for completion by mid-summer 2017. The community will include a total of 137 units, comprised of 97 independent/assisted living… Read More →

Jay Quinn joins IPA Capital Markets

Investor Center
by in AZRE Magazine | Newsmakers

Institutional Property Advisors Capital Markets (IPA Capital Markets), a leading provider of debt and equity placements and advisory solutions for major investors, is pleased to announce that Jay Quinn has joined the firm as a senior director based in Phoenix. “Jay’s high level of expertise and wide range of experience structuring debt and equity solutions… Read More →

IPA sells Tempe multifamily property for $16.6M

Scottsdale
by in AZRE Magazine | Brokerage | Multi-Family

Institutional Property Advisors (IPA), a division of Marcus & Millichap specializing in serving institutional and major private real estate investors, announced the sale of Cabana on McClintock, a 181-unit multifamily property in Tempe for $16.6 million. IPA senior director Steve Gebing and Marcus & Millichap vice president investments Cliff David advised the seller, Deco Communities,… Read More →

Cortona at Dana Park sells for $22.1M

Cortona, Courtesy of IPA

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Cortona at Dana Park, a 222-unit multifamily community in Mesa, Ariz. The $22.1 million sales price equates to $99,550 per unit. IPA senior director Steve Gebing and Marcus & Millichap vice president investments Cliff David advised the seller, Virtú Investments. The… Read More →

North Scottsdale gets a new luxury apartment community

Investment Property Associates (IPA) celebrated the grand opening of its first multifamily development in Scottsdale with a ribbon cutting ceremony at Liv North Scottsdale. The luxury apartment community is situated on 5.83 acres near the corner of Scottsdale Road and Greenway Hayden Loop in North Scottsdale. IPA co-developed the property with PB Bell & Associates.… Read More →

Waterford at Superstition Springs sells for $33M

Waterford at Superstition Springs 31,WEB
by in AZRE Magazine | Brokerage | Featured | In The Spotlight

Institutional Property Advisors (IPA), a division of Marcus & Millichap Inc. specializing in serving institutional and major private real estate investors, announced the sale of Waterford at Superstition Springs, a 280-unit multifamily community in Mesa, Ariz.  The commercial real estate sale netted $33,000,000 or $117,850 per unit. IPA senior director Steve Gebing and Marcus &… Read More →

IPA, Retirement Community Specialists join forces

IPA Living, Mark Boisclair Photography

IPA, a leading operator of luxury multifamily communities in Arizona and Michigan, and Retirement Community Specialists, Inc. (RCS), a leading operator of luxury senior housing communities in Arizona, recently announced they have joined together under the same umbrella company, IPA, LLC. RCS and IPA now operate together under the direction of a combined executive team… Read More →

Danny’s Family Car Wash in Scottsdale sells for $2M per acre

Danny's Family Car Wash 1

ORION Investment Real Estate is pleased to announce the successful ground lease sale of the Danny’s Family Car Wash located at 15515 N. Scottsdale Rd. in Scottsdale, Ariz., for $6.5M to Pacific Scottsdale, LLC. The seller was Scottsdale Place, LLC. The car wash, detailing center, gas facilities and 2 convenience stores, totaling approximately 17,700 square… Read More →

IPA arranges Arizona multifamily portfolio sale for $75M

Pinnacle Terrace, Courtesy of IPA

Institutional Property Advisors (IPA), a brokerage division of Marcus & Millichap serving the needs of institutional and major private investors, has arranged the sale of a two-property multifamily portfolio in Arizona for $75,450,000. The assets are Pinnacle Terrace, a 300-unit apartment complex in Chandler, Ariz. that sold for $39.2M or $131,000 per unit and Pinnacle… Read More →

IPA sells Colter Park apartments

Colter Park
by in AZRE Magazine | Brokerage

Institutional Property Advisors (IPA), a brokerage division of Marcus & Millichap serving the needs of institutional and major private investors, has arranged the sale of Colter Park, a 384-unit apartment community in Phoenix. The terms of the sale were not disclosed. IPA senior director Steve Gebing and Marcus & Millichap vice president investments Cliff David… Read More →