MMI Marcus & Millichap Inc.

Institutional Property Advisors Negotiates $80.75 Million Apartment Complex Sale in Portland, Oregon

PORTLAND, Ore.--(BUSINESS WIRE)--

, a division of , announced today the sale of Sunset Summit, a 261-unit multifamily property in the West Hills neighborhood of Portland, Oregon. The property sold for $80.75 million, which equates to $309,387 per unit.

“The sale represents the first time the property has traded hands in over 25 years. Sunset Summit is a unique asset, featuring low-density construction with views of the Tualatin Valley from most units,” said Anthony Palladino, IPA vice president. Palladino and IPA’s Giovanni Napoli, Philip Assouad, Ryan Dinius, and Sidney Warsinske represented the seller, BPM Real Estate Group. The buyer is Prime Residential.

Built in 1989 on 31 acres and renovated in 2014, Sunset Summit is approximately a seven-minute drive from Downtown Portland, allowing for a convenient commute into the city via Burnside Road and access to Nike and Intel via U.S. Highway 26 or the Sunset Transit Center. Adam Lewis is Marcus & Millichap’s broker of record in Oregon.

About Institutional Property Advisors (IPA)

Institutional Property Advisors (IPA) is a division of Marcus & Millichap (NYSE: MMI), a leading commercial real estate services firm in North America. IPA’s combination of real estate investment and capital markets expertise, industry-leading technology, and acclaimed research offer customized solutions for the acquisition, disposition and financing of institutional properties and portfolios. For more information, please visit .

About Marcus & Millichap, Inc.

With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 9,726 transactions in 2019 with a value of approximately $50 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. For additional information, please visit .

EN
27/01/2021

Underlying

MMIMarcus & Millichap Inc.

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Marcus & Millichap Inc.

 PRESS RELEASE
Free
MMI Marcus & Millic...

Marcus & Millichap’s IPA Capital Markets Arranges $61M Redevelopment F...

HUNTINGTON BEACH, Calif.--(BUSINESS WIRE)-- , a division of specializing in capital markets services for major private and institutional clients, announced today the $60.9 million refinancing of a 28.9-acre oceanfront redevelopment project located in Huntington Beach, California. Gary Mozer, executive managing director with IPA Capital Markets, secured an 18-month, non-recourse loan on behalf of a California-based investment and development firm. The project plan includes residential and hospitality development and was approved by the Huntington Beach City Council on September 17th, 2024. T...

March 7, 2025 1 EN
 PRESS RELEASE
Free
MMI Marcus & Millic...

Institutional Property Advisors Advises Rockpoint and The Related Grou...

PHOENIX--(BUSINESS WIRE)-- , a division of , announced today that it advised Rockpoint and The Related Group (Related) on the sale of Town Deer Valley, a 388-unit multifamily asset in Phoenix, Arizona. The property sold for $131.1 million, which represents $337,887 per unit. “Town Deer Valley is perfectly positioned to capitalize on the unprecedented economic activity driven by Taiwan Semiconductor Manufacturing Company’s $65 billion chip manufacturing facility,” said Cliff David, IPA executive managing director. “The property’s architectural detailing, sophisticated unit finishes, and award...

February 11, 2025 1 EN
 PRESS RELEASE
Free
MMI Marcus & Millic...

$107 Million Construction Financing Arranged by Marcus & Millichap Cap...

ONTARIO, Calif.--(BUSINESS WIRE)-- , a leading provider of commercial real estate capital markets financing solutions, arranged $107 million in financing for the construction of a 384-unit multifamily asset with 26,000 square feet of retail space located at 4117 E Concours Street in Ontario, California. The project, which is adjacent to the Toyota Arena, will include several digital media signs. Stefen Chraghchian, senior director in MMCC’s Encino office, secured the financing with Affinius Capital and Bank OZK on behalf of Adept Urban Development. “We thank our client for their trust in o...

February 7, 2025 1 EN
 PRESS RELEASE
Free
MMI Marcus & Millic...

Marcus & Millichap’s IPA Capital Markets Facilitates $165.9 Million Mu...

ALEXANDRIA, Va.--(BUSINESS WIRE)-- , a division of specializing in capital markets services for major private and institutional clients, has successfully arranged $165.9 million in financing on behalf of the DSF Group for the acquisition of the Town Square at Mark Center in Alexandria, Virginia. IPA Capital Markets in Los Angeles represented the borrower, the DSF Group, a Boston-based leader in multifamily investment. The Town Square at Mark Center is a 678-unit apartment and townhome community situated in one of Northern Virginia’s most dynamic submarkets. “The 98% occupied property repres...

February 4, 2025 1 EN
 PRESS RELEASE
Free
MMI Marcus & Millic...

Marcus & Millichap Capital Corporation Arranges $89.6 Million Construc...

CHANHASSEN, Minn.--(BUSINESS WIRE)-- , a leading provider of commercial real estate capital markets financing solutions, arranged $89.6 million in financing for the construction of Bennett Apartments and Harlow Apartments, two adjacent multifamily projects located 15 miles southwest of Minneapolis in Chanhassen, Minnesota. Gary Sefcik in MMCC’s Manhattan office secured the financing. Kayne Anderson provided $77.5 million in senior proceeds and SteepRock Capital provided $12.1 million in mezzanine financing for the sponsor, Minnesota-based Roers Companies. “In addition to strong, locally ba...

January 30, 2025 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch