Institutional Property Advisors Brokers Sale and Arranges Financing for Suburban Phoenix Multifamily Asset
January 29, 2026
CHANDLER, Ariz., Jan. 29, 2026 – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI) dedicated to serving the company’s institutional clients, announced today the sale and financing of Avant at Fashion Center, a 335-unit multifamily property in Chandler, Arizona.
“Avant at Fashion Center is strategically positioned to benefit from Chandler’s status as a leading suburban multifamily investment submarket, where high demand for inventory continues to widen the rent-versus-own affordability gap,” said Steve Gebing, IPA executive managing director. “The city’s muted new housing pipeline of 1,300 units under construction is consistent with a decade-long decline in multifamily construction, and this reinforces the property’s competitive advantage and long-term investment durability.” Gebing and Cliff David, IPA executive managing director, represented the seller and procured the buyer. Brian Eisendrath and Cameron Chalfant of IPA Capital Markets arranged the financing.
The property is adjacent to Loop 202/Santan Freeway and Loop 101/Price Freeway, steps from the 1.4 million-square-foot Chandler Fashion Center and surrounded by the Price Corridor business district. The West Chandler Employment Corridor, ASU Research Park, Gilbert’s central business district, Downtown Chandler, and Ocotillo are nearby. Employers in the area include Intel, ASML, Northrop Grumman, Wells Fargo, Applied Materials, and Bank of America.
Completed in 2017 on more than 11 acres, Avant at Fashion Center’s resort-style amenities include a swimming pool and spa surrounded by a sleek glass enclosure and a courtyard with grilling stations, café seating, hammocks, and a game area. Apartments have nine- and 10-foot ceilings, breakfast bars or kitchen islands, and full-size washers and dryers. Select floorplans have wine refrigerators and wireless sound systems. The average unit size is 892 square feet.
“Avant at Fashion Center is strategically positioned to benefit from Chandler’s status as a leading suburban multifamily investment submarket, where high demand for inventory continues to widen the rent-versus-own affordability gap,” said Steve Gebing, IPA executive managing director. “The city’s muted new housing pipeline of 1,300 units under construction is consistent with a decade-long decline in multifamily construction, and this reinforces the property’s competitive advantage and long-term investment durability.” Gebing and Cliff David, IPA executive managing director, represented the seller and procured the buyer. Brian Eisendrath and Cameron Chalfant of IPA Capital Markets arranged the financing.
The property is adjacent to Loop 202/Santan Freeway and Loop 101/Price Freeway, steps from the 1.4 million-square-foot Chandler Fashion Center and surrounded by the Price Corridor business district. The West Chandler Employment Corridor, ASU Research Park, Gilbert’s central business district, Downtown Chandler, and Ocotillo are nearby. Employers in the area include Intel, ASML, Northrop Grumman, Wells Fargo, Applied Materials, and Bank of America.
Completed in 2017 on more than 11 acres, Avant at Fashion Center’s resort-style amenities include a swimming pool and spa surrounded by a sleek glass enclosure and a courtyard with grilling stations, café seating, hammocks, and a game area. Apartments have nine- and 10-foot ceilings, breakfast bars or kitchen islands, and full-size washers and dryers. Select floorplans have wine refrigerators and wireless sound systems. The average unit size is 892 square feet.
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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.