IPA Arranges $40.4 Million Multi-Housing Asset Sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI) announces the sale of Mountain Park, a 240-unit apartment complex located in Phoenix’s Ahwatukee Foothills Village. The property sold for $40.4 million, which equates to $168,333 per unit. “Mountain Park’s Ahwatukee Foothills urban village location gives the property a rare and desirable buffer against…