Institutional Property Advisors Brokers $110M Scottsdale Multifamily Asset Sale
Marcus & Millichap, Inc. (MMI)
Last marcus & millichap, inc. earnings: 2/20 04:04 pm
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Source: Business Wire
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE:MMI) dedicated to serving the company’s institutional clients, announced today the sale of The Quincy at Kierland, a 266-unit multifamily community in Scottsdale, Arizona. The $110.25 million sales price equates to $414,474 per unit.“The Quincy at Kierland is one of only six post-2020 constructed assets of 100 units or more with direct frontage on Scottsdale Road,” said Steve Gebing, IPA executive managing director. The positioning enhances the property’s market presence and provides a long-term competitive advantage. ”Since opening in the first quarter of 2024, the community averaged 17.5 net leases per month, achieved stabilized occupancy in June 2025, and was over 98% leased by early July.” Gebing and Cliff David, IPA executive managing director, represented the seller, Embrey, and procured the buyer, Stockdale Capital Partners.Located in North Scottsdale near the i
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News
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- Marcus & Millichap: Cautious Optimism As Q3 2025 Gets Out Of The Red [Seeking Alpha]Seeking Alpha
- Marcus & Millichap: Not Much Value To Investors From This Cyclical Company [Seeking Alpha]Seeking Alpha
- Institutional Property Advisors Brokers $107M Sale, $71M in Financing for San Gabriel Valley Multifamily AssetBusiness Wire
MMI
Sec Filings
- 11/7/25 - Form 10-Q
- 11/7/25 - Form 8-K
- 9/12/25 - Form 4
- MMI's page on the SEC website