Institutional Property Advisors

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IPA Sells Valley View Multifamily Asset in Tucson for $24.75 Million

TUCSON, Ariz. – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announces the sale of Valley View Apartments, a 304-unit multifamily asset in the Catalina Foothills area of northern Tucson, Arizona. The $24.75 million sales price equates to $81,414 per unit. “Valley View represents an excellent opportunity to refresh and modernize […]

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The Ledges at West Campus in Tucson Sold for $23 Million

TUCSON, Arizona — Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI) announces the sale of The Ledges at West Campus, a 205-unit apartment property in Tucson, Arizona. The $23 million sales price equates to $112,195 per unit. “Previous ownership improved the presentation of the property and minimized capital cost exposure for

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$70.2 Million Southern Arizona Multifamily Portfolio Sold by IPA

TUCSON, Arizona – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI) announces the sale of a three-property, 812-unit portfolio of multifamily assets in Southern Arizona. The portfolio sold for $70,225,000, or $86,484 per unit. Bascom Arizona Ventures acquired the three apartment communities located in Tucson & Sierra Vista, Arizona. Bascom Arizona

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