Marcus & Millichap Announces $116 Million Sale (NYSE: MMI)


  • Institutional Property Advisors, a division of Marcus & Millichap (NYSE:MMI) announced the sale of La Vista Apartments, a multifamily asset in Santa Maria, California for $116 million.
  • The selling price is equivalent to $252,174 per unit.
  • The property is the largest multifamily asset ever sold in Santa Barbara County by number of units and sales price, breaking a record previously set by IPA.



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