IPA Arranges $221M Portfolio Sale in Southern Ontario
Institutional Property Advisors (IPA), a division of Marcus & Millichap, arranged the sale of the Premium Southwest Ontario Multifamily Portfolio, a collection of nine apartment assets totaling 1,024 units in Hamilton, London, and Sarnia, Ontario. The portfolio transaction value was $220.7 million.
IPA marketed the portfolio on behalf of Homestead Land Holdings Limited. The successful bidder was InterRent Real Estate Investment Trust & CAPREIT Apartments Inc.