Institutional Property Advisors Closes Multifamily Property Sale in Central Montana
January 09, 2026
GREAT FALLS, Mont., Jan. 9, 2025 – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI) dedicated to serving the company’s institutional clients, announced today the sale of Talus Apartment Homes, a 288-unit multifamily asset in Great Falls, Montana.
“Talus Apartment Homes is a stabilized, well-maintained, institutionally operated asset in one of Montana’s most steadily growing and supply-constrained markets,” said Brock Zylstra, senior managing director investments. “The property has dependable in-place cash flow, a proven operational history, and with minimal new multifamily development in the surrounding market, enjoys a competitive advantage,” said Danny Shin, IPA senior managing director investments. Shin and Zylstra, in association with Adam Christofferson, Marcus & Millichap’s broker of record in Montana, represented the seller and procured the buyer.
Built in two phases in 2015 and 2018, Talus Apartment Homes has a mix of studio, one- and two-bedroom layouts with open concept living areas. All units have stainless-steel appliances, modern cabinetry, and washers and dryers. The average apartment size is 792 square feet. Community amenities include a resort-style swimming pool, a 24-hour fitness center and a clubhouse with a theater and media room.
“Talus Apartment Homes is a stabilized, well-maintained, institutionally operated asset in one of Montana’s most steadily growing and supply-constrained markets,” said Brock Zylstra, senior managing director investments. “The property has dependable in-place cash flow, a proven operational history, and with minimal new multifamily development in the surrounding market, enjoys a competitive advantage,” said Danny Shin, IPA senior managing director investments. Shin and Zylstra, in association with Adam Christofferson, Marcus & Millichap’s broker of record in Montana, represented the seller and procured the buyer.
Built in two phases in 2015 and 2018, Talus Apartment Homes has a mix of studio, one- and two-bedroom layouts with open concept living areas. All units have stainless-steel appliances, modern cabinetry, and washers and dryers. The average apartment size is 792 square feet. Community amenities include a resort-style swimming pool, a 24-hour fitness center and a clubhouse with a theater and media room.
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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.