Institutional Property Advisors Closes $155 Million Multifamily Asset Sale in Suburban North Phoenix

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Sep 24, 2021

Institutional+Property+Advisors+%28IPA%29, a division of Marcus+%26amp%3B+Millichap+%28NYSE%3A+MMI%29, announced today the sale of Accolade, a 548-unit multifamily asset in Phoenix, Arizona. The property sold for $155 million or $282,847 per unit. The transaction is one of the top five largest multifamily sales on record in Arizona by total purchase price.