Institutional Property Advisors Closes $61.6 Million Sale and Arranges Financing for Suburban Seattle Multifamily Asset

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May 25, 2023

Institutional+Property+Advisors+%28IPA%29, a division of Marcus+%26amp%3B+Millichap+%28NYSE%3AMMI%29, announced the sale and financing of Artesia, a 192-unit apartment property in the Silver Lake neighborhood of Everett, Washington. The asset traded for $61.6 million, or $320,833 per unit.