institutional property advisors

Tempe, Ariz. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of West Sixth, a student housing community located steps from Arizona State University in Tempe. An undisclosed buyer acquired the asset for $123 million. Peter Katz, Steve Gebing and Cliff David of IPA represented the undisclosed seller and procured the buyer in the transaction. Completed in 2011, the two-tower property offers 375 units totaling 625 beds. Shared amenities include a swimming pool, hot tub, business center with private conference rooms, a 24-hour fitness center, tanning beds, a …

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New Haven, Conn. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Cambridge Oxford Apartments, a three-building, 84-unit multifamily community located near Yale University in New Haven. An affiliate of Paredim Partners LLC acquired the property, which is located adjacent to the Yale Center for British Art. The community serves as housing for Yale medical employees, students and faculty. The seller and terms of the transaction were undisclosed. 

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