Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of three multifamily assets totaling 557 units in Tacoma, Washington, for $102.6 million.
The properties, Monterra, Miramonte, and Heatherstone Apartments, are located in Tacoma’s Parkland neighborhood, offering easy access to employment hubs in Seattle and Tacoma. These acquisitions provide buyers with opportunities to capitalize on embedded rental and operational upside.
This significant transaction highlights IPA's expertise in the multifamily market, particularly in regions with housing imbalances. The sale underscores the firm's ability to connect sellers with qualified buyers for large-scale investment opportunities.
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