$26M Multifamily Sale Arranged in Greater Phoenix by IPA

Institutional Property Advisors, a brokerage division of Marcus & Millichap serving theĀ needs of institutional and major private investors, has arranged the sale of Adobe Ridge, a 224-unit apartment complex in Glendale, Ariz. The $26,050,000 sales price equates to $116,000 per unit. IPA senior director Steve Gebing and Marcus & Millichap vice president investments Cliff David…