$112 Million Multifamily Asset Sale and Financing Brokered by Institutional Property Advisors
“Gilbert has one of Greater Phoenix ‘s highest demographic profiles and Aiya’s neo-traditional design, lavish community amenities and environmentally conscious appointments make it one of the city’s premier multifamily assets,” said Steve Gebing, IPA executive managing director. Gebing and Cliff David, IPA executive managing director, represented the seller, The Wolff Company, and procured the buyer, Olympus Property. IPA Capital Markets executive director Brian Eisendrath and senior directors Cameron Chalfant and Jake Vitta arranged the acquisition financing.
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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 www.institutionalpropertyadvisors.com.