$58 Million Multifamily Asset Sale Closed by Institutional Property Advisors in North Phoenix
Business Wire•25/09/2026•18:32 ET
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$58 Million Multifamily Asset Sale Closed by Institutional Property Advisors in North Phoenix
Institutional Property Advisors (IPA) (link) , a division of Marcus & Millichap (NYSE:MMI) (link) dedicated to serving the company’s institutional clients, announced today the sale of Ascend at Black Canyon, a 260-unit multifamily property in Phoenix, Arizona. The asset traded for $58.7 million, or $225,769 per unit.
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