Reported Earlier, Marcus & Millichap's Institutional Property Advisors Brokers Sale And Arranges Financing For $94.5M Southeast Phoenix Multifamily Asset
Portfolio Pulse from Benzinga Newsdesk
Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE:MMI), facilitated the sale and arranged financing for Alta Chandler at The Park, a multifamily asset in Chandler, Arizona, for $94.5 million. IPA Capital Markets secured $52 million in acquisition financing for the deal.
March 15, 2024 | 5:55 am
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Marcus & Millichap's division, IPA, brokered a significant real estate transaction involving the sale and financing of a $94.5 million multifamily asset in Arizona.
The successful brokerage and financing of a high-value real estate asset by Marcus & Millichap's IPA division could positively impact investor sentiment towards MMI. This transaction showcases the company's capability in handling significant real estate deals, potentially leading to increased investor confidence and a positive short-term impact on MMI's stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90