Reported Earlier, Marcus & Millichap's Institutional Property Advisors Brokers Sale And Arranges Financing For $94.5M Southeast Phoenix Multifamily Asset

3/15/24 1:55:36 AM ET

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Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE:MMI), announced today the sale and financing of Alta Chandler at The Park, a 291-unit mid-rise multifamily asset in Chandler, Arizona. The property traded for $94.5 million, which represents $324,742 per unit. IPA Capital Markets arranged $52 million in acquisition financing.

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Date	Price Target	Rating	Analyst
12/1/2021	$37.00 → $40.00	Underweight	Wells Fargo

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Reported Earlier, Marcus & Millichap's Institutional Property Advisors Brokers Sale And Arranges Financing For $94.5M Southeast Phoenix Multifamily Asset

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Recent Analyst Ratings for
$MMI

$MMI
SEC Filings

SEC Form 10-Q filed by Marcus & Millichap Inc.

Marcus & Millichap Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

SEC Form 10-Q filed by Marcus & Millichap Inc.

$MMI
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Amendment: SEC Form SC 13G/A filed by Marcus & Millichap Inc.

SEC Form SC 13G filed by Marcus & Millichap Inc.

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Reported Earlier, Marcus & Millichap's Institutional Property Advisors Brokers Sale And Arranges Financing For $94.5M Southeast Phoenix Multifamily Asset

$MMI
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Fastest customizable press release news feed in the world

Marcus & Millichap's Institutional Property Advisors Brokers Three Multifamily Property Sales in Tacoma for $102.6 Million

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Chief Executive Officer Nadji Hessam gifted 469 shares, decreasing direct ownership by 0.21% to 222,430 units (SEC Form 4)

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Reported Earlier, Marcus & Millichap's Institutional Property Advisors Brokers Sale And Arranges Financing For $94.5M Southeast Phoenix Multifamily Asset

Chat with this insight

Recent Analyst Ratings for $MMI

$MMI SEC Filings

SEC Form 10-Q filed by Marcus & Millichap Inc.

Marcus & Millichap Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

SEC Form 10-Q filed by Marcus & Millichap Inc.

$MMI Large Ownership Changes

This live feed shows all institutional transactions in real time.

Amendment: SEC Form SC 13G/A filed by Marcus & Millichap Inc.

SEC Form SC 13G filed by Marcus & Millichap Inc.

SEC Form SC 13G/A filed by Marcus & Millichap Inc. (Amendment)

$MMI Market Insights

Live Market Insights

Reported Earlier, Marcus & Millichap's IPA Division Secures $72M For Refinancing Omaha's La Vista City Centre

Marcus & Millichap Q1 GAAP EPS $(0.26) Beats $(0.28) Estimate, Sales $129.10M Beat $127.50M Estimate

Reported Earlier, Marcus & Millichap's Institutional Property Advisors Brokers Sale And Arranges Financing For $94.5M Southeast Phoenix Multifamily Asset

$MMI Press Releases

Fastest customizable press release news feed in the world

Marcus & Millichap's Institutional Property Advisors Brokers Three Multifamily Property Sales in Tacoma for $102.6 Million

Marcus & Millichap Expands Commercial Property Auction Services with Ian Grusd

Marcus & Millichap, Inc. Reports Results for Third Quarter 2024

$MMI Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

Wells Fargo reiterated coverage on Marcus & Millichap with a new price target

$MMI Financials

Live finance-specific insights

Marcus & Millichap, Inc. Reports Results for Third Quarter 2024

Marcus & Millichap, Inc. to Report Third Quarter 2024 Financial Results on Friday, November 8, 2024

Marcus & Millichap, Inc. Reports Results for Second Quarter 2024

$MMI Leadership Updates

Live Leadership Updates

Marcus & Millichap Names Chief People Officer

RESAAS Appoints Industry Titan James Huang as Managing Director of Commercial Real Estate

Marcus & Millichap Enters Strategic Partnership with EquityMultiple

$MMI Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Chief Executive Officer Nadji Hessam gifted 469 shares, decreasing direct ownership by 0.21% to 222,430 units (SEC Form 4)

Director Lawrence Norma J. sold $44,920 worth of shares (1,123 units at $40.00) (SEC Form 4)

Chief Executive Officer Nadji Hessam gifted 520 shares, decreasing direct ownership by 0.23% to 222,899 units (SEC Form 4)

Recent Analyst Ratings for
$MMI

$MMI
SEC Filings

$MMI
Large Ownership Changes

$MMI
Market Insights

$MMI
Press Releases

$MMI
Analyst Ratings

$MMI
Financials

$MMI
Leadership Updates

$MMI
Insider Trading