Institutional Property Advisors, a division of Marcus & Millichap, has arranged the $117 million sale of a 335-unit, luxury mid-rise apartment complex in Phoenix, AZ.
The multifamily asset, Montreux, sold for a purchase price equating to $349,254 per unit.
IPA executive managing directors, Steve Gebing and Cliff David represented the seller, the Statesman Group and procured the buyer, Pacific Development Partners.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
