Marcus & Millichap’s Institutional Property Advisors Brokers Three Multifamily Property Sales in Tacoma for $102.6 Million
Marcus & Millichap, Inc. (MMI)
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Source: Business Wire
TACOMA, Wash.--(BUSINESS WIRE)--Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of three multifamily assets totaling 557 units in Tacoma, Washington for $102.6 million. The properties are Monterra, Miramonte, and Heatherstone Apartments.“Located in a multifamily market with one of the largest housing imbalances in the nation, these acquisitions provide the buyers with opportunity to capitalize on embedded rental and operational upside,” said Giovanni Napoli, IPA executive director. Napoli and IPA’s Philip Assouad, Ryan Harmon, Nick Ruggiero, and Anthony Palladino represented the seller, Goodman Real Estate and procured the buyer, American Capital Group.The properties are in Tacoma’s Parkland neighborhood, which is easily accessible from Interstate 5, Washington State Routes 512 and 7. Employment hubs in Seattle and Tacoma are a short commute. Shopping and entertainment at Tacoma Mall, Lakewood Towne Center, and South Hi
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MMI
Sec Filings
- 12/13/24 - Form 4
- 11/27/24 - Form 4
- 11/8/24 - Form 10-Q
- MMI's page on the SEC website