Steve Gebing

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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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$20.5 Million Buys Tucson Value-Add Multifamily Asset

TUCSON, Arizona– Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI) announces the sale of River Oaks Apartments, a 300-unit apartment complex in Tucson, Arizona. The $20.5 million sales price equates to $68,333 per unit. Completed in 1982, River Oaks features a mix of studio, one-, and two-bedroom apartment homes with a

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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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