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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