Marcus & Millichap Division IPA Reports Sale Of Aiya, A 360-Unit Multifamily Asset In Gilbert, Arizona For $112M, Or $311,111 Per Unit
Portfolio Pulse from Benzinga Newsdesk
Marcus & Millichap's division, IPA, has reported the sale of Aiya, a 360-unit multifamily asset in Gilbert, Arizona for $112 million, or $311,111 per unit.
September 18, 2023 | 8:59 pm
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POSITIVE IMPACT
Marcus & Millichap (MMI) has successfully sold a significant asset, which could potentially boost its revenues and profitability.
The sale of a significant asset like Aiya could potentially boost Marcus & Millichap's revenues and profitability in the short term. This is because the sale price of $112 million is a substantial amount that could have a positive impact on the company's financial performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100