Institutional Property Advisors Brokers $107M Sale, $71M in Financing for San Gabriel Valley Multifamily Asset

Core Insights - Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale and financing of a multifamily property named Hills at Hacienda Heights [1] - The property consists of 350 units and was sold for a total of $107 million, equating to $305,714 per unit [1] Company Overview - IPA focuses on serving institutional clients within the real estate investment sector [1] - The sale of Hills at Hacienda Heights reflects the ongoing activity and demand in the multifamily property market in California [1] Financial Details - The total sale price of the property was $107 million [1] - The price per unit for the multifamily property was $305,714 [1]