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Institutional Property Advisors Brokers Sale and Arranges Financing for Boutique West Los Angeles Multifamily Asset
LOS ANGELES--(BUSINESS WIRE)---- $mmi #apartmentfinancing--Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE:MMI) dedicated to serving the company's institutional clients, announced today the sale and financing of Luxe Villas, a 60-unit multifamily asset in the Brentwood neighborhood of Los Angeles, California. The property sold for $49,494,000, or $824,900 per unit. “Luxe Villas is one of the premier multifamily assets in Brentwood,” said Kevin Green, IPA executive managing director. “This.
