Luxury Silicon Desert Multifamily Asset Sold by IPA for $41.5 Million

Institutional Property Advisors (IPA), a division of Marcus & Millichap specializing in serving institutional and major private real estate investors, is pleased to announce the sale of Vive, 194-unit luxury apartment community in Chandler, Ariz. The $41.5 million sales price equates to $214,000 per unit. “Vive is an ultra-luxurious, Class ‘AA’ apartment community with sophisticated,…